CEG sells PJM gas plants
News that Constellation is divesting a large chunk of PJM gas generation to LS Power for cash tied to the Calpine deal is triggering violent selling as investors weigh the loss of generating capacity against the premium valuation the stock carries.
Sources: https://theinference.org/article/constellation-sells-4-4-gw-of-pjm-gas-to-ls-power-for-5-billion-the-
Sources
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