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US DOJ subpoena on Constellation-Calpine deal sent to PJM Interconnection

( April 30, 2025, 15:00 GMT | Official Statement) -- MLex Summary: A subpoena regarding power company Constellation Energy's proposed acquisition of rival Calpine Corporation was issued by the US Department of Justice Antitrust Division and sent to the Mid-Atlantic regional transmission organization PJM Interconnection. The DOJ's civil investigative demand, or CID, requested electricity auction data from 2023 onward. "From January 1, 2023, to the present, for each time the Three Pivotal Supplier Test was applied and resulted in mitigation in the day-ahead energy or real-time energy markets, provide the analysis that was done and the results of the analysis," the DOJ's CID reads.See attached document. ...

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