Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows [CNBC]
Constellation Energy Corporation (CEG)
Company Research
Source: CNBC
The fortunes of the industry have shifted dramatically this year as the tech sector turns to nuclear power to meet the electricity demand of artificial intelligence. Constellation Energy is confident the plant will restart on schedule in 2028, supplying power to Microsoft and helping to stabilize the grid. MIDDLETOWN, Pa. — The owner of the Three Mile Island nuclear power plant is embarking on an ambitious plan to restart operations before the end of the decade, marking the latest chapter in the history of a plant that symbolizes the future promise, past struggles and lingering fears of nuclear energy in the United States. The twin cooling towers that stretch hundreds of feet above the Susquehanna River just south of Middletown, Pennsylvania, went dormant in 2019 after billowing water vapor into the sky for four decades. Its owner at the time, Exelon , permanently shut down the Unit 1 reactor, citing “ severe economic challenges .” Unit 1 is one of a dozen reactors that close
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CEG
Earnings
- 11/4/24 - Beat
CEG
Sec Filings
- 11/14/24 - Form SC
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- CEG's page on the SEC website