Announced
Financials
Tags
Friendly
United States
Single Bidder
Acquisition
Minority
Private
Infrastructure
power plant
Pending
Alternative Electricity
nuclear power
Domestic
Synopsis
Constellation, operator of the nation’s largest fleet of reliable, carbon-free nuclear plants, agreed to acquire a 44% stake in Texas Nuclear Plant, a dual-unit nuclear plant located about 90 miles southwest of Houston, from NRG Energy, an American energy company, for $1.75bn. "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. With the potential to run for at least 46 more years with the right policy support, we look forward to working with the South Texas Project’s other owners to continue bringing clean, reliable electricity to this growing region for decades to come," Joe Dominguez, Constellation President and CEO.
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