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Exelon Generation and Électricitéde France have asked the New York Public Service Commission to approve the transfer of EDF’s 49.99 percent ownership interest in Constellation Energy Nuclear Group (CENG) to Exelon, which owns 50.1 percent. CENG is the owner of New York’s Ginna and Nine Mile Point nuclear plants, as well as Maryland’s Calvert Cliffs.
Crane restart boosted by $1B LPO loan
The Department of Energy announced on November 18 that it has closed on a $1 billion loan through its Loan Programs Office to Constellation to aid in financing the restart of the 835-MWe Crane...
Mike Kramer: Navigating power deals in the new data economy
Mike Kramer has a background in finance, not engineering, but a combined 20 years at Exelon and Constellation and a key role in the deals that have Meta and Microsoft buying power from...
A wave of new U.S.-U.K. deals ahead of Trump’s state visit
President Trump will arrive in the United Kingdom this week for a state visit that promises to include the usual pomp and ceremony alongside the signing of a landmark new agreement on...
Investors line up for Sizewell C
As the U.K. government looks to finalize investment decisions for the construction of the Sizewell C nuclear power plant this summer, France’s state-owned EDF has announced plans to take a...
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Sizewell C gets nearly $20B in big day for U.K. nuclear energy
It’s a move that “brings to an end decades of dithering and delay, with the government backing the builders.” That’s how the U.K. government announced, with alliterative fanfare, its...
FERC denies Talen-Amazon agreement—again
The Federal Energy Regulatory Commission has doubled down on its rejection of an interconnection service agreement (ISA) between Amazon Web Services and Talen Energy in Pennsylvania....
Politico: Westinghouse CEO bullish on nuclear partnership with Europe
Patrick Fragman, Westinghouse’s chief executive, said in a recent interview with Politico that the U.S. and Europe are still ideal partners on nuclear power.Even though President Trump’s...
N.J. court finds Oyster Creek spent fuel casks are “permanent”
The Tax Court of New Jersey has ruled that Oyster Creek’s spent nuclear fuel storage casks are subject to taxation as real property....
Serbia lifts nuclear moratorium after 35 years
Serbia’s National Assembly has approved legislation that overturns the nation’s decades-old moratorium on nuclear power plants as the nation looks to reduce pollution.Minister of mining...
Constellation pushes FERC for PJM rules on co-located generation
A new complaint filed by Constellation asks the Federal Energy Regulatory Commission to order the PJM Interconnection to provide rules for co-located generation to serve large facilities, such...