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Constellation Completes Acquisition of Calpine

LCG, January 7, 2026--Constellation today announced that it completed its acquisition of Calpine Corporation from Energy Capital Partners (ECP). Constellation is now the largest producer of electricity in the U.S., with electric generation facilities across the nation.

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Duke Energy Submits Early Site Permit Application to NRC for New Nuclear Reactors in North Carolina

LCG, December 30, 2025--Duke Energy announced today its submission of an early site permit (ESP) application to the U.S. Nuclear Regulatory Commission (NRC). The site is near the Belews Creek Steam Station in Stokes County, North Carolina. The submittal follows two years of work at the site, and the announcement states that the submittal is part of Duke Energy's strategic, on-going commitment to evaluate new nuclear generation options to reliably meet the growing electricity needs of its customers while reducing costs and risks.

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Industry News

Two Former Coastal Corp. Traders Accused of Fraud

LCG, Oct. 30, 2001--The U.S. Commodity Futures Trading Commission yesterday accused two energy traders with defrauding their former employer, Coastal Corp., in an illegal trading scheme five years ago.

Clay Krhovjak and Paul Cochran, who were vice presidents with Coastal's commodity futures trading desk in Houston at the time, were responsible for placing trades with the New York Mercantile Exchange.

They are charged with moving $89,228 from successful Coastal trades into straw man accounts, thus shifting Coastal's profits to themselves.

The Commission said in its complaint that the scheme "ensured Cochran, Krhovjak and other participants risk-free personal profits." The two could face civil penalties and trading prohibitions if found guilty.

Cochran and Krhovjak have already pleaded guilty in a U.S. District Court in Texas. In September of last year, both pleaded guilty to conspiracy to commit commodities fraud, with sentencing expected early next year.

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