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Constellation locks in nuclear power deals as Crane restart advances

Constellation Energy logoConstellation Energy
Sig4.70Sen+5.20Env+2.40Soc+0.90Gov+1.40

Constellation raised full-year adjusted EPS guidance to $11.50–$12.50 and booked 920 MW of new 15–20 year power purchase agreements starting 2029–2032. Deals include a Walmart contract financing a Dresden expansion. FERC granted a waiver shifting grid rights to Crane and the NRC approved a fuel-license amendment ahead of an 835 MW restart. The company also filed to extend New York reactor licenses to 2049 and agreed to sell its Brazos Valley unit for $860M, pending DOJ approval.

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