Constellation Energy acquires ownership stake in Texas nuclear plant from NRG for $1.75B.
Constellation is set to acquire NRG Energy's 44% ownership stake in the South Texas Project Electric Generating Station, a 2,645-megawatt, dual-unit nuclear plant, for $1.75 billion. The acquisition will expand Constellation's fleet of reliable, carbon-free nuclear plants and make it one of three owners with oversight of the South Texas Project Nuclear Operating Company. The purchase is subject to approval by the Nuclear Regulatory Commission and Department of Justice and is expected to be completed by year end.