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On September 15, 2005, Constellation Energy announced a joint venture, UniStar Nuclear, with Areva to market the European Pressurized Reactor (EPR) in the United States. On December 19, 2005, FPL Group, Inc. announced the acquisition of Constellation Energy in a merger transaction valued at more than $11 billion, as well as the fact that it would adopt Constellation Energy as its name for the ...
Inside the Dresden 1 nuclear power plant. After the Atomic Energy Act of 1954 allowed private companies to own and operate nuclear facilities, Commonwealth Edison contracted with General Electric to design, construct, and place into operation the 192 MWe Dresden Unit 1 for $45M in 1955. [3]
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.
Constellation, the largest operator of U.S. nuclear power plants, said that some of its own projects to develop data centers at power plant sites are being stymied by the lack of clarity.
The acquisition was approved by FERC and the companies officially combined on March 12, 2012, with Constellation Energy taking the Exelon name. Exelon separated its generating assets back into Constellation Energy in 2022. Constellation owns Unit 1 and holds (82%) of Unit 2 while Long Island Power Authority holds (18%).
As of 10 a.m. ET, Constellation stock itself is up a strong 14.4%, while nuclear upstarts NuScale Power Corporation (NYSE: SMR) and Nano Nuclear Energy (NASDAQ: NNE) have gained 13% and 15% ...
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