Constellation Energy invests $1.6 billion to rebuild Three Mile Island nuclear plant
- Investment: Constellation Energy $CEG 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 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' s own coffers , with no government support.
- Largest power purchase agreement: This is the largest power purchase agreement in Constellation's history.
Maybe on a smaller position it could be a great trade, but it would take the stock to fall and then rise like it is now😂
As a deal, it's great and looks tempting, but I'd rather buy shares in a more stable company.
The stock is up nicely, but it's not for me.
That looks good. Too bad I didn't buy before.
Well, it did them a lot of good, too, for her stock. Whoever bought in hit the jackpot.)