Constellation receives $1 bln in nuclear supply contracts; shares up

Cerro Grande Mining

02/01/2025 16:19

** Shares of U.S.-based electric utility Constellation
Energy  CEG.O  rise 6.6% to $238.34
    ** Company receives more than $1 billion in combined
contracts from the U.S. General Services Administration (GSA) to
supply nuclear power to more than 13 government agencies
    ** CEG will supply the GSA with more than 1 million megawatt
hours (MWh/yr) annually, beginning in 2025
    ** "Under this agreement, the United States government joins
Microsoft and other entities to support continued investment in
reliable nuclear energy that will allow Constellation to
relicense and extend the lives of these critical assets" -
Constellation President and CEO Joe Dominguez 
    ** In combination with the Crane restart announced
previously, CEG and its partners will add nearly 1,100 MWs of
24/7 clean energy by 2028 - Joe Dominguez  
    ** Including the session's moves, stock up 5.2%

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))