Constellation Energy
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PowerTrump Administration Issues Third Emergency Order to Prevent PJM Power Shortfall
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 […]
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Data CentersConstellation Races to Revive Crane Nuclear Plant Amid Tight Timelines, Market Shifts
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 […]
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TrendsConstellation Moves to Acquire Calpine in $16.4B Deal, Forming Competitive Generation Goliath
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 […]
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CommentaryNuclear Energy Comeback Action Is at the State Level
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
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HistoryWhy Constellation Energy, a Nuclear-Heavy Giant, Is Primed for Power Futurity
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.