CEG Stock Discussion (Constellation Energy Corp)

Constellation and Amazon sign 20-year nuclear-power agreement

Constellation ($CEG) and Amazon ($AMZN) announced a 20-year agreement covering 690 megawatts of nuclear power from the Calvert Cliffs station, including 190 megawatts of planned additional capacity. The arrangement supports more than $3 billion of related Maryland infrastructure investment and a proposed operating-license extension. The incremental capacity is expected to enter service between 2030 and 2032. The contract provides a long-duration demand commitment for Constellation while supporti

CEG

@tickerstat1 month ago

Constellation agrees to buy Shell’s Rhode Island power plant for $715 million

Constellation ($CEG) agreed to acquire the Rhode Island State Energy Center from Shell ($SHEL) for $715 million. The 609-megawatt combined-cycle natural-gas plant is located in Johnston, Rhode Island. Constellation estimates that first-year tax benefits will reduce the transaction’s effective net cost to approximately $580 million, distinguishing the economic cost from the headline purchase price. The buyer expects the acquisition to increase operating earnings per share and generate an unlevere