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In April 2011, Exelon of Chicago announced its intention to purchase Constellation Energy, the owner and operator of Nine Mile Point Nuclear Station. The acquisition was approved by FERC and the companies officially combined on March 12, 2012, with Constellation Energy taking the Exelon name.
The company was known as Constellation Energy Group (former NYSE ticker symbol CEG), a Fortune 500 company and one of the largest electricity producers in the United States, until a merger with Exelon in 2012. [3] When FERC approved the acquisition, Constellation Energy's energy supply business was re-branded as Constellation, an Exelon company.
The 900-acre (360 ha) site is also the location of two other units at the Nine Mile Point Nuclear Generating Station. The power plant was originally built by Niagara Mohawk Power Corporation . FitzPatrick and half of the Nine Mile Point site were transferred to the Power Authority of the State of New York (PASNY), now called the New York Power ...
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Constellation Energy announced Friday it planned to bring the Unit 1 reactor at Three Mile Island back into operation and keep it running for decades. Microsoft has signed a 20-year agreement to ...
Constellation Energy stock fell 12.5% Monday amid a broader decline in nuclear power stocks following the US government's rejection of another Big Tech nuclear power agreement late Friday.
The Nine Mile Point Nuclear Generating Station was erected by Niagara Mohawk. The first unit was completed in 1969, and was followed by a second unit in 1988. [4] The plant was sold to Constellation Energy in 2001; Constellation's successor, Exelon, along with Électricité de France, co-own the plant today.
Constellation Energy has struck a deal to provide Microsoft with nuclear power for the next two decades by bringing part of the Three Mile Island nuclear plant back into service by 2028 ...