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The company was known as Constellation Energy Group (former NYSE ticker symbol CEG), a Fortune 500 company and one of the largest electricity producers in the United States, until a merger with Exelon in 2012. [3] When FERC approved the acquisition, Constellation Energy's energy supply business was re-branded as Constellation, an Exelon company.
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.
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 ...
Boston Generating ended up declaring chapter 11 bankruptcy in 2010 and was sold to Constellation Energy. [7] Constellation Energy and Exelon merged in March 2012, returning ownership to Exelon. [6] [8] [9] Constellation owns and operates the station following spin-off from Exelon in 2022. [10]
The clean-energy producer soared to start this year.
Constellation Energy stock fell 12.5% Monday amid a broader decline in nuclear power stocks following the US government's rejection of another Big Tech nuclear power agreement late Friday.
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.
Qualitatively, Exelon (NYS: EXC) is one of the finest companies in the utility business. It offers a clean, diverse generation portfolio, including the largest nuclear fleet in the U.S. and a ...