Constellation Energy Signs $1 Billion Power Deal With US Government
- Deals fund upgrade projects to boost company’s nuclear output
- General Services Administration to buy power for a decade
This article is for subscribers only.
Constellation Energy Corp. has signed a pair of deals with the US government to provide more than $1 billion of electricity and services, enough to fund upgrade projects that will boost capacity at the country’s biggest nuclear fleet. The shares surged.
The company announced a 10-year, $840 million contract with the General Services Administration to deliver more than a million megawatt-hours of electricity annually, starting this year, according to a statement Thursday. Constellation will also receive $172 million for energy savings and conservation measures at five GSA facilities.