Constellation Energy invests $1.6 billion to rebuild Three Mile Island nuclear plant
- Investment: Constellation Energy $CEG+0.1% is investing $1.6 billion to restart the Three Mile Island nuclear power plant.
- The goal of bringing the plant back on lineA: The plant is expected to be back online in 2028.
- Deal with Microsoft : Microsoft $MSFT-0.8% has entered into an agreement to purchase all of the electricity from the repowered plant, which will support its plan for carbon-free data center operations.
- Funding: the project is funded by Constellation $CEG'+0.1% s own coffers , with no government support.
- Largest power purchase agreement: This is the largest power purchase agreement in Constellation's history.
Well, it did them a lot of good, too, for her stock. Whoever bought in hit the jackpot.)