Colorado Bend State Park

Constellation Completes Acquisition of Ownership Stake in Texas Nuclear Plant

Retrieved on: 
Wednesday, November 1, 2023
Alternative Energy, Energy, Nuclear, Other Energy, Utilities, Constellation, STP, Handley, Heart, Sendero, Carbon, Wind, Acquisition, Electricity, Sidley Austin, Nuclear Regulatory Commission, Multimedia, CEG, Colorado Bend State Park, Fortune 500, Safety, NRG Energy, Natural gas, BofA Securities, Cryptocurrency, Uranium mining, Renewable energy, Public utility, White tail

Constellation, operator of the nation’s largest fleet of reliable, carbon-free nuclear plants, announced today it has completed its acquisition of NRG Energy Inc.’s 44 percent ownership stake in the South Texas Project Electric Generating Station (STP), a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of Houston.

Key Points: 
  • Constellation, operator of the nation’s largest fleet of reliable, carbon-free nuclear plants, announced today it has completed its acquisition of NRG Energy Inc.’s 44 percent ownership stake in the South Texas Project Electric Generating Station (STP), a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of Houston.
  • The ownership transfer was approved on October 30 by the Nuclear Regulatory Commission, which was the final regulatory approval needed before closing the deal.
  • View the full release here: https://www.businesswire.com/news/home/20231031137269/en/
    The South Texas Project Electric Generating Station is a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of Houston.
  • Constellation also is working to reach a favorable resolution for all parties in the related litigation pending in Matagorda County, Texas.

Constellation to Acquire Ownership Stake in Texas Nuclear Plant From NRG Energy

Retrieved on: 
Thursday, June 1, 2023
Oil, Gas, Alternative Energy, Energy, Nuclear, Utilities, Constellation, Nuclear Regulatory Commission, Justice minister, Justice, Electricity, BofA Securities, Colorado Bend State Park, Sidley Austin, Carbon, CEG, Wind, Natural gas, Handley, NRG Energy, Safety, Sendero, Cryptocurrency, Renewable energy, White tail

Constellation, operator of the nation’s largest fleet of reliable, carbon-free nuclear plants, announced today it is acquiring NRG Energy Inc.’s 44 percent ownership stake in the South Texas Project Electric Generating Station, a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of Houston.

Key Points: 
  • Constellation, operator of the nation’s largest fleet of reliable, carbon-free nuclear plants, announced today it is acquiring NRG Energy Inc.’s 44 percent ownership stake in the South Texas Project Electric Generating Station, a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of Houston.
  • “The South Texas Project is an exceptionally well-maintained plant and its ability to produce resilient, carbon-free energy 24/7 makes it among the most valuable power sources in the world,” said Joe Dominguez, president and CEO of Constellation.
  • The company has ownership interests in 13 generating stations with 23 nuclear units capable of producing approximately 21,000 megawatts of electricity, enough clean energy to power approximately 15 million homes.
  • Constellation also is a supplier in Texas’ competitive retail energy market, supplying electricity, natural gas, energy efficiency and other services to approximately 200,000 residential and commercial customers statewide.