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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

Ontario Government Acts to Attract New Generation

LCG, August 5, 2004--The Ontario electricity market today is faced with a need to rapidly develop new electricity supplies in order to meet the government's goal of shutting down its aging fleet of coal plants and reduce emissions. The coal plants represent about 7,500 MW of capacity, or roughly a quarter of Ontario's generating capacity. Yesterday, Ontario Energy Minister Dwight Duncan visited the Calgary Chamber of Commerce to discuss the government's vision for the energy markets and interest in attracting the private sector to invest in new generation located in Ontario.

The government has been actively promoting change in the markets. In June 2004, the government issued a Request for Proposals (RFP) for 2,500 MW of new generation and/or conservation in Ontario, as well as an RFP for 300 MW of new renewable energy capacity in April. Duncan predicted yesterday that Ontario will be signing contracts by January.

Legislation was introduced on June 15, 2004 to restructure the Ontario electricity market, including the creation of a new government entity, the Ontario Power Authority (OPA). The OPA's responsibilities are to include planning for long-term electricity supplies.

Investors remain cautious, given Ontario's previous move towards competitive markets in 2002, which was followed by a partial reversal back to regulation.

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