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It's been a year since Exelon merged with Constellation Energy to become the nation's largest competitive integrated energy provider. Economies of scale can provide a simple solution to maximize ...
The current iteration of the company was founded in 2022 after splitting off from Exelon. [5] Before merging with Exelon, Constellation Energy Group operated more than 35 power plants in 11 states (mainly Maryland, Pennsylvania, New York, West Virginia, and California). Baltimore Gas and Electric created Constellation as a holding company in 1999.
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On February 2, 2022, Exelon completed the corporate spin-off of Constellation Energy, its energy generation business. [14] Constellation was the largest operator of nuclear power plants in the United States and the largest non-governmental operator of nuclear power plants in the world.
The planned merger drew negative reactions from some but was ultimately approved by regulators and completed in March 2012. After Exelon completed its acquisition of Constellation Energy, Shattuck assumed the new role of executive chairman. Shattuck retired from Exelon on February 28, 2013 but remained on the board as non-executive chairman. [15]
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The plant was originally built by Commonwealth Edison company, and subsequently transferred to Com Ed's parent company, Exelon Corporation. Following Exelon's spin-off of their Generation company, the station was transferred to Constellation Energy. This station has two Westinghouse pressurized water reactors. Unit #1 came online in July 1987.
The clean-energy producer soared to start this year.