Exelon split completed; Constellation launched

February 2, 2022, 3:00PMNuclear News

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.

Exelon Generation shares plans for future as Constellation

January 12, 2022, 9:30AMANS Nuclear Cafe

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.

NRC okays license transfers for Exelon plants

November 18, 2021, 3:00PMNuclear News

The Nuclear Regulatory Commission has approved the indirect transfer of the licenses for 23 operating and five decommissioning reactors, as well as their associated independent spent fuel storage installations, from Exelon Corporation to a new company as part of a corporate restructuring, the agency announced yesterday.

Nine Mile Point picked for hydrogen demonstration project

August 20, 2021, 4:08PMNuclear News
Nine Mile Point (Photo: Constellation Energy)

Exelon Generation has received a grant from the Department of Energy to explore the potential benefits of on-site hydrogen production and has chosen its Nine Mile Point nuclear power plant as the demonstration site, the company announced on Wednesday. (In 2019, Exelon received a conditional commitment from the DOE to co-fund a hydrogen electrolyzer demonstration at a nuclear plant.) Located in Scriba, N.Y., Nine Mile Point consists of two boiling water reactors—the 620-MWe Unit 1 and the 1,287-MWe Unit 2.

Exelon, EDF ask NY to okay proposed nuclear deal

July 28, 2020, 9:27AMNuclear News

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.