Microsoft to Pay Hefty Price for Three Mile Island Clean Power
- Tech giant to pay at least $100 a megawatt hour, analysts say
- Carbon-free ‘nuclear power doesn’t seem to be a commodity now’
The Three Mile Island nuclear power plant towers in Goldsboro, Pennsylvania.
Photographer: Michael Fernandez/BloombergThis article is for subscribers only.
Microsoft Corp. is going to pay a hefty premium for power from the soon-to-be-restarted Three Mile Island nuclear plant, a recognition that carbon-free electricity is more valuable when it’s available around the clock.
The company will pay owner Constellation Energy Corp. at least $100 a megawatt-hour for power from the Pennsylvania plant, according to estimates from Bloomberg Intelligence, while Jefferies LLC puts the figure at about $112. That compares to about $60 a megawatt-hour for wind and solar energy available now in the same region, according to Jefferies.