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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

Allegheny Energy May Delay Annual Report

LCG, Mar. 10, 2003--A thorough analysis of prior years' financial statements may cause Allegheny Energy to have to release its 2002 Form 10-K and its annual report after March 31st.

The company has been receiving assistance in looking for financial statement errors from independent accountants while the audit of its 2002 results is being conducted. Allegheny plans to restate its books from the first two quarters of last year, and possibly all results through September 30th, 2002. The cause of the investigation was the discovery of errors in certain business units' calculations.

Allegheny obtained a credit faciity worth $2.4 billion last month, enabling it to avoid filing for bankruptcy. The energy company disclosed last week that chairman, president and chief executive Alan J. Noia would retire following a 34-year tenure. Noia will remain at the company until a successor is selected.
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