Author: admin

BALTIMORE and HOUSTON (January 7, 2026) — Constellation (Nasdaq: CEG) today announced it has completed its acquisition of Calpine Corporation from Energy Capital Partners (ECP), creating the nation’s largest producer of electricity. With millions of customers depending on the company every day, the combined organization will deliver reliable, clean power that keeps America moving forward. By uniting Constellation’s zero-emission nuclear fleet with Calpine’s industry-leading natural gas and geothermal generation, the company is building the foundation for America’s next great era of innovation – powering the data centers, advanced manufacturing facilities and critical infrastructure that will define the AI age and secure the nation’s economic leadership.

“This isn’t just about two great companies coming together – it’s about strengthening America’s future,” said Joe Dominguez, president and CEO of Constellation. “Constellation is stepping up to power America’s growth when our nation’s demand for energy is surging, and our global competitors are racing to capture AI leadership. By uniting Constellation and Calpine, we’re providing the reliable, clean energy that keeps our communities strong, our businesses competitive and our nation secure.”

Andrew Novotny, president and CEO of Calpine, said, “This is an exciting day for both our companies and for the customers and communities we serve. We have the assets that power America today and meet the needs of tomorrow. Our expanded capabilities will allow us to better serve customers and communities, enable investment in critical infrastructure and support national priorities for energy security, economic competitiveness and technological leadership. Our teams share a relentless commitment to safety, sustainability and operational excellence, and I’m excited about what we will accomplish together.”

“As a decades-long investor in power generation, ECP aims to unlock value, drive long-term growth opportunities and strengthen asset reliability – often serving as a bridge between public and private markets,” said Tyler Reeder, president and managing partner of ECP. “We are proud to have achieved those goals in partnership with Calpine’s management team and believe this combination validates that vision, setting the company up for future success while meeting the evolving needs of its customers, communities and the U.S.’s electrical grid.”

The combined company provides 2.5 million retail and business customers nationwide with access to the broadest array of clean and reliable energy solutions in the industry, offering customers greater choice, competitive prices and tailored clean energy products. The acquisition also strengthens Constellation’s footprint in high-demand regions, including Texas and California, while maintaining significant operations in Illinois, Maryland, New York and Pennsylvania.

With 55 gigawatts of capacity, Constellation and Calpine together will be the platform where new clean technologies can scale – including advanced nuclear, geothermal, carbon capture and sequestration, and long-duration storage. Building on shared cultures of safety, operational excellence and community partnership, the combined company is positioned to drive innovation and sustained investment in clean and reliable energy.

The company will maintain headquarters in Baltimore and a significant presence in Houston, continuing its commitment to the communities where it operates. Constellation will also expand its community impact through workforce development and philanthropy, contributing more than $23 million each year in foundation, corporate and employee giving, along with thousands of volunteer hours.

RICHMOND, VA — Governor Glenn Youngkin announced today that Virginia added 8,600 nonfarm jobs in November, according to preliminary estimates from the Bureau of Labor Statistics’ Current Employment Statistics survey. Virginia’s seasonally adjusted unemployment rate held steady at 3.5 percent, 1.1 percentage points below the national rate. Since January 2022, nonfarm payroll employment in the Commonwealth has increased by 264,000 jobs. 

“Though delayed, the November jobs report includes an anticipated shift from government-focused employment to the Commonwealth’s robust and growing private sector,” said Governor Glenn Youngkin. “A broad-based swath of businesses across the Commonwealth filled more than a quarter of a million jobs since our administration began, not including the current 255,000 open and available jobs and the more than 80,000 permanent and 40,000 construction jobs that are still to come from the record economic development commitments we’ve seen over the past four years.” 

“Virginia’s economic momentum is driven by record levels of investment and recent job-creating announcements that will drive growth for years to come. Businesses have chosen Virginia because of our competitive climate, skilled workforce, and long-term economic vision, fueling the Commonwealth’s job growth well beyond the current administration,” said Secretary of Commerce and Trade Juan Pablo Segura. 

“Virginians continue to benefit from one of the strongest workforce support systems in the nation, which links jobseekers to opportunity, employers to talent, and communities to sustained economic growth, allowing the Commonwealth to outperform the nation in terms of both unemployment and labor force participation,” said Secretary of Labor Bryan Slater. 

According to BLS Local Area Unemployment Statistics (“LAUS”, or “the household survey”) preliminary release, the labor force decreased by 12,851 from September to 4,527,441 as the number of unemployed residents decreased by 689 over that period to 159,510 and the number of employed residents decreased by 12,162 to 4,367,931. Over-the-month comparisons are not available because the Bureau of Labor Statistics did not collect household survey data in October 2025 due to the federal government shutdown. 

The Commonwealth’s labor force participation rate decreased by 0.3 percentage points from September to 64.3 percent in November. The labor force participation rate measures the proportion of the civilian population age 16 and older that is employed or actively looking for work. 

The CES survey uses payroll records of establishment employers and is designed to provide a count of jobs under which the employer pays unemployment insurance. The LAUS survey is based on household interviews conducted each month for the Bureau of Labor Statistics and provides comprehensive data on the labor force, including those who are employed and unemployed. Establishment survey data reflects changes for updated seasonal adjustment factors, and industry classification conversions (NAICS), as part of the annual benchmarking process. 

The household survey only distinguishes whether a person is employed or unemployed, whereas CES counts each employee that is on an employer’s payroll. CES excludes business owners, self-employed persons, unpaid volunteers and private household workers, and those on unpaid leave or not working because of a labor dispute. 

Note the November Employment Situation release. BLS did not publish October 2025 State Employment and Unemployment information, while establishment survey data from the Current Employment Statistics State and Area program for October 2025 was published with the November 2025 data. Household survey data from the Current Population Survey, which serve as the primary input to the Local Area Unemployment Statistics models, were not collected for the October 2025 reference period due to a lapse in appropriations and will not be collected retroactively. For both surveys, the collection period for November 2025 data was extended, and extra processing time was needed. More information on the BLS release schedule can be referenced at https://www.bls.gov/bls/2025-lapse-revised-release-dates.htm.