Constellation Energy

Hyperscaler Google and Constellation Energy, the largest nuclear operator in the U.S., have signed a 20-year power purchase agreement (PPA) designed to support $4.3 billion of upgrades at 11 nuclear units across the PJM Interconnection, which is slated to add 890 MW of generating capacity from Constellation’s existing reactors by the end of 2032. The […]

Energy infrastructure developer and investor LS Power said it has successfully closed the LS Power Equity Partners VI (Fund VI) with total fund commitments of about $6 billion. Fund VI, which was launched in January of this year, was oversubscribed and fully allocated against its hard cap by July, which was well in excess of […]

From EOP-012-3 to Order 587-AB, from Cold Weather Critical Component inventories to dual-fuel conversions, the bulk power system has spent five years rewiring how it prepares for extreme cold. Winter Storm Fern, the latest test, showed the system ran “very close to the edge.” The last five winters have given the North American power sector […]

The Department of Energy (DOE) extended its run of federal grid interventions into winter over the past week, issuing a Section 202(c) emergency order on Nov. 18 for Consumers Energy’s 1,420-MW J.H. Campbell coal plant in Michigan and another on Nov. 25 for Constellation’s 760-MW Eddystone Units 3 and 4 in southeastern Pennsylvania in a […]

Constellation Energy is evaluating specific regulatory pathways to enable potential deployment of advanced nuclear reactors at its Clinton Clean Energy Center. The measure could mark the first concrete steps toward next-generation nuclear development at the Illinois site now that the competitive generator has finalized a landmark 20-year agreement with Meta. Constellation disclosed on Tuesday that […]

The U.S. Department of Energy released an $83.2 million loan disbursement to Holtec International on Thursday, bringing total federal funding to $335.1 million as the company moves toward completing America’s first commercial nuclear reactor restart. The fifth installment under DOE’s $1.52 billion loan guarantee follows key Nuclear Regulatory Commission (NRC)  approvals that authorized Holtec to […]

The Department of Energy (DOE) has issued its third Section 202(c) emergency order in the past two weeks, this time to bolster reliability in PJM Interconnection by compelling Constellation Energy to keep Units 3 and 4 of its dual-fuel Eddystone Generating Station in Pennsylvania open beyond their scheduled retirement date of May 31, 2025. The […]

Constellation Energy’s ambitious plan to restart the Three Mile Island Unit 1 as the Crane Clean Energy Center (CEC) is proceeding ahead of schedule, shooting for a 2028 start date, despite a new report that suggests Microsoft may be re-evaluating its data center strategy. Just five months after Constellation announced a landmark 20-year power purchase […]

Competitive generation giant Constellation has agreed to acquire Calpine Corp. in a $16.4 billion deal that is set to create the largest producer of clean and reliable energy in the U.S. with an asset portfolio of more than 60 GW. The definitive agreement, announced on Jan. 10, includes a cash and stock transaction valued at […]

This is indeed an extraordinary time to be in nuclear energy. Case in point: Over the past few months, we have seen an announcement between Microsoft and Constellation Energy to restart the Three Mile Island

Spun out of Exelon Corp. a year ago, Constellation Energy’s competitive generation and customer-facing energy businesses represent a new power company paradigm that conforms to decarbonization. But the company that today holds the largest nuclear fleet in the U.S. will still face a unique array of challenges.