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Constellation-Calpine deal would result in high market shares, Pennsylvania tells US FERC

( March 24, 2025, 15:00 GMT | Official Statement) -- MLex Summary: Electricity provider Constellation Energy's intended acquisition of peer Calpine Corporation would increase market concentration in an already "moderately concentrated" market within the state of Pennsylvania, the state's Office of Consumer Advocate told the US Federal Energy Regulatory Commission. "The proposed Transaction would increase the HHI to just over 1,900, which well exceeds the 100-point threshold adhered to by the FERC," Pennsylvania officials stated. "The market share of the merged company would also well exceed the 30 percent threshold which is set forth as another screen in the Merger Guidelines issued by the U.S. Department of Justice and the Federal Trade Commission on December 18, 2023."See attached document....

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