Finance Updates – Finance Updates

Constellation’s $26.6B Calpine Deal Reshapes U.S. Clean Power Landscape

Constellation closed its US$26.6 billion (inc...

The merger combines Constellations nuclear fl...

Approvals from FERC and key state regulators ...

Consideration included about 50 million Const...

CPP Investments & GIP Finalize $6.2B ALLETE Deal, Boosting ESG Infrastructure Push

Americas M&A Utilities

CPP Investments and Global Infrastructure Par...

The deal cleared key regulators including FER...

Buyer commitments include roughly $200 millio...

ALLETE will keep its Duluth headquarters and ...

Vistra Acquires Cogentrix, Gaining 5.5 GW of Efficient Gas Generation for $4.7B

Americas M&A Utilities

Vistra will buy Cogentrix’s 10 gas plants (~5...

The fleet is mostly efficient combined-cycle ...

The acquisition expands Vistra across PJM, IS...

Vistra plans to keep leverage <3x while maint...

Lightshift Secures $75M KeyBanc Facility to Boost East Coast Battery Storage Portfolio

Americas Firms Utilities

Lightshift Energy secured a US$75 million Key...

The facility combines a term loan, constructi...

A flagship project is a 16 MW/52 MWh battery ...

The deal follows prior financings (US$100 mil...

Dominion Energy’s CapEx Boom: Revenue Upside Amid Rich Valuation & Regulatory Risks

Americas Firms Utilities

Dominion Energy boosted its 20252029 capex pl...

Q1 2025 revenue rose about 12% year over year...

The stock screens somewhat expensive versus p...

Key risks are regulatory rate-setting and cos...

California’s Energy-Climate Package: Cap-and-Invest, Offsets Tightening & Risk Ahead

Americas Policy Utilities

Governor Newsom signed a bipartisan energy-an...

The laws commit at least $60B to electricity-...

Companion measures aim to stabilize fuel and ...

Markets get longer-term policy certainty and ...

PSEG Wins 5-Year Grid Deal with LIPA Through 2030: Risks & Strategic Upside

Americas Firms Utilities

PSEG Long Island won a five-year extension to...

The extension cleared LIPA board, New York At...

Leadership transitions include Scott Jennings...

PSEG cites large reliability, safety, and cus...

Vistra Acquires Cogentrix Portfolio in $4B Deal to Bolster Gas-Fired Power for AI Demand

Americas M&A Utilities

Vistra will buy Cogentrix Energy’s 10 natural...

The portfolio spans PJM, ISO New England and ...

Vistra expects free-cash-flow-per-share accre...

The company plans to keep leverage under 3x a...

BGE Rate Increases 2026: Maryland PSC’s Trade-Offs in Oversight vs. Affordability

Americas Policy Utilities

Maryland regulators approved BGE delivery-rat...

The PSC cut BGE’s 2023 cost-recovery request ...

Consumer advocates and Baltimore leaders argu...

BGE says inflation, storm costs, supply-chain...

Xcel Colorado’s Natural Gas Bill Could Climb ~11–13%: What’s Driving the Increase and What It Means for Ratepayers

Americas Policy Utilities

Xcel Energy filed for a $190 million Colorado...

If approved, average residential bills rise a...

The request covers $101 million in past safet...

Critics warn back-to-back gas and electric fi...