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 Clean Energy Center, formerly Three Mile Island-1.

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 Constellation’s Clinton and Crane sites have made him something of a nuclear expert.

Kramer spoke with Nuclear News staff writer Susan Gallier in late August, just after a visit to Clinton in central Illinois to celebrate a power purchase agreement (PPA) with Meta that closed in June. As Constellation’s vice president for data economy strategy, Kramer was part of the deal-making—not just the celebration.

The Tax Court of New Jersey has ruled that Oyster Creek’s spent nuclear fuel storage casks are subject to taxation as real property.

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 as data centers.

Nuclear powerhouse Constellation announced today the signing of a 20-year power purchase agreement with Microsoft that will pave the way for the restart of Three Mile Island Unit 1—under a new name to honor Chris Crane, former chief executive of Exelon when Constellation was part of the larger company.

While no development details have been released, Constellation is asking to rezone 658.8 acres of land it owns around the Byron nuclear plant in Illinois for possible long-term use.

American Electric Power and Exelon are seeking a hearing with the Federal Energy Regulatory Commission about a proposed data center project linked to Talen’s Susquehanna nuclear plant in Pennsylvania.

On the company’s earnings call this month, Constellation CEO Joe Dominguez was asked if there is a possibility of restarting the shuttered Three Mile Island plant—as is being proposed for the Palisades nuclear plant in Michigan.

“We’re not unaware that opportunity exists for us,” Dominguez said. “We’re obviously seen what’s happened with Palisades and I think that was brilliant. Brilliant for the nation. … We are doing a good bit of thinking about a number of different opportunities, and that would probably certainly be one of those that we would think about.”

Crane

Exelon announced that Chris Crane, the company’s former chief executive, passed away on Saturday in Chicago at the age of 65.

Crane served as the company’s president and CEO from 2012 until his retirement in December 2022. During his tenure, he steered the energy company through several transformational milestones, including the successful mergers with Constellation Energy in 2012 and Pepco Holdings in 2016, creating the largest utility business by customer count in the United States.

In 2022, with the spin-off of Constellation as the generation and retail side of energy business (with the largest U.S. nuclear fleet), Crane led the creation of a stand-alone transmission and delivery energy company.

The Nuclear Regulatory Commission has released for “unrestricted use” most of the land on and around where the Zion nuclear power plant once operated in northeastern Illinois. This means that any residual radiation is below the NRC’s limits and there will be no further regulatory controls by the agency for that portion of the property.

When Ken Petersen is asked what he sees as the biggest challenges facing nuclear today and in the future, he immediately turns the question around. The 69th president of the American Nuclear Society prefers to focus on the positives of nuclear power instead of dwelling on the biggest challenges facing nuclear’s future prospects. That’s because there’s a lot to celebrate within the nuclear community—especially recently.

Most everything is trending up—from advanced technologies such as SMRs and microreactors to the promise of fusion energy to new ways of creating medical isotopes to progress in space exploration. “There’s huge momentum for nuclear right now,” Petersen said. “We're getting support from the environmentalist community and from legislation. I see it as a huge opportunity for us to continue to grow. It’s an exciting time. And it’s not just the U.S. It’s worldwide, too.”

Constellation Energy, owner and operator of the nation’s largest reactor fleet, will ask the Nuclear Regulatory Commission to extend the operating licenses of the Clinton and Dresden reactors by 20 years, the company announced Monday, adding that it expects to file license applications with the agency in 2024.

Crowell

Caputo

The Senate last evening confirmed by voice vote Annie Caputo and Bradley R. Crowell to seats on the Nuclear Regulatory Commission, returning the agency to its full, five-member complement. Caputo’s term expires in June 2026, Crowell’s in June 2027.

Nominated by President Biden in May to serve on the commission, Caputo and Crowell appeared before the Senate Environment and Public Works (EPW) Committee on June 8 to field questions. On July 27, the EPW Committee unanimously approved both and sent their nominations to the Senate floor.

The Department of Energy earlier this year approved part one of a loan application from Holtec International for small modular reactor construction and invited the firm to apply for a loan to help build four of its SMR-160 units and grow its manufacturing capacity to produce the first wave of SMRs.

The United States has just 93 operating power reactors at this writing. The fleet last numbered 93 in 1985, when nuclear generation topped out at 383.69 TWh, less than half of the 778.2 TWh produced in 2021.

While the 93 reactors operating today have more capacity, on average, than in 1985, most of that increased productivity is down to operational improvements that pushed the fleet’s average capacity factor from just 57.5 percent in the three-year period 1984–1986 to near 90 percent by the early 2000s.

President Biden has announced his intention to nominate Annie Caputo and Bradley R. Crowell to fill the two vacant seats on the Nuclear Regulatory Commission.

Constellation, formerly Exelon Generation, owner and operator of the nation’s largest nuclear reactor fleet, announced this morning the completion of its separation from Exelon Corporation and its launch as a stand-alone, publicly traded company. Headquartered in Baltimore, Md., the new company began trading today on the Nasdaq Global Select Market under the symbol “CEG.”

Exelon announced last February that it had begun the effort to separate its utility businesses from its competitive power generation and customer-facing energy businesses.

As we begin a new year, it is natural not only to look back (see page 24 for top news stories of 2021) but also to look forward. Nuclear News reached out to leaders in the nuclear community to get their predictions on what 2022 has in store, whether broadly or for their specific areas within the community. Although the responses below are wide-ranging and varied, one thing is made clear by all of the respondents: 2022 will see growth and opportunity. The future for nuclear is bright.

Exelon Generation—owner and operator of the nation’s largest power reactor fleet—held an online event yesterday outlining the company’s business strategy as it prepares to separate from Exelon Corporation under the name Constellation. The separation is expected to become final on February 1.

Energy secretary Jennifer Granholm toured the Braidwood nuclear plant in Illinois last week as part of a statewide tour to promote the climate provisions in the recently passed trillion-dollar infrastructure law and the Build Back Better Act, over which the Senate continues to haggle.