Constellation completed the acquisition of a 44% stake in Texas Nuclear Plant from NRG Energy for $1.75bn.

Constellation, operator of the nation’s largest fleet of reliable, carbon-free nuclear plants, completed the acquisition of 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. “Growing our fleet of the nation’s best-run nuclear plants is at the heart of our growth strategy. As the world is waking up to the immense value of nuclear power to address the climate crisis and maintain energy security, Constellation will continue to look for opportunities to expand our ownership of assets like STP. We look forward to working with our new co-owners and the plant’s team members to provide reliable, clean and affordable energy, as well as economic benefits to the people of Texas,” Joe Dominguez, Constellation President and CEO.