Why A $16 Billion Deal To Revive Three Mile Island Is A Game Changer For U.S. Nuclear [Yahoo! Finance]
Constellation Energy Corporation (CEG)
Company Research
Source: Yahoo! Finance
one of its two reactors partially melted down in what became the worst accident in the U.S. industry's history, despite no one dying or getting sick from radiation. Now the Londonderry, Pennsylvania, facility could become a symbol of nuclear power's turnaround. In a landmark deal announced Friday, Microsoft agreed to pay $16 billion to restart the plant's second reactor, which shut down in 2019 under financial pressure from growing competition with cheap natural gas. It's part of the tech giant's efforts to secure enough reliable, low-carbon electricity to supply energy-thirsty data centers powering the boom in artificial intelligence. While the Unit 2 reactor destroyed in 1979 is undergoing decommissioning, Microsoft said it would buy up to 100% of the electricity produced from refurbishing the more recently shuttered Unit 1 for the next 20 years. The plant's owner, Baltimore-based Constellation Energy, predicted Unit 1 could come back online as early as 2028, and said it wou
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News
- CEG Stock Gains 6.9% Since Q3 Earnings Beat: Time to Buy or Hold? [Yahoo! Finance]Yahoo! Finance
- Should Diversified Energy Stock Be in Your Portfolio Ahead of Q3 Earnings? [Yahoo! Finance]Yahoo! Finance
- Is Trending Stock Constellation Energy Corporation (CEG) a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Why Is Constellation Energy (CEG) Among the Best Electricity Utility Stocks to Invest In Now? [Yahoo! Finance]Yahoo! Finance
- Morgan Stanley Sees Buying Opportunity in Constellation Energy Corporation (NASDAQ:CEG), Cites Robust Performance and Nuclear Data Center Potential [Yahoo! Finance]Yahoo! Finance
CEG
Earnings
- 11/4/24 - Beat
CEG
Sec Filings
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- CEG's page on the SEC website