LS Power strikes deal to buy 4.4 GW in PJM from Constellation

This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. LS Power has struck a deal to buy five power plants in the PJM Interconnection totaling 4.4 GW from Constellation Energy for about $5 billion, or $1.14 million/MW, the companies said Wednesday. Driving the deal were conditions the U.S. Department of Justice and the Federal Energy Regulatory Commission set in its approval of Constellation’s purchase of Calpine, a tra ...