A change in the boardroom was the news item giving some pep to Constellation Energy (CEG 0.87%) stock on Monday. The company's shares crawled up by nearly 1% in price as a reaction, slightly outpacing the benchmark S&P 500 index on the day.
Major U.S. power company Constellation Energy said its project to restart the Three Mile Island Unit 1 nuclear plant in Pennsylvania, renamed the Crane Clean Energy Center, remains ahead of schedule, with the unit expected back online in 2027.
The global economy is undergoing a fundamental rewiring. A powerful combination of two megatrends, the mass electrification of everything and the artificial intelligence (AI) revolution, is creating a historic surge in electricity consumption.
LONDONDERRY, Pa.--(BUSINESS WIRE)--Constellation marks the one-year anniversary of its announcement to restart Three Mile Island Unit 1 as the Crane Clean Energy Center.
Constellation Energy (CEG 4.88%) is the country's largest carbon-free energy producer. Its fleet of nuclear, hydro, wind, and solar energy assets has the capacity to generate 32.4 gigawatts (GW) of power annually, sufficient to meet the needs of over 20 million homes and businesses.
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