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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 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.
The merger was completed on October 23, 2000 and formed Exelon Corporation. The merger was one of the largest at the time. After the merger, Exelon maintained the largest collection of nuclear plants in the United States and became among the nation's largest electric utilities company, generating more than $12 billion in annual revenues. [2] [7]
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 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 ...
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The Operator and Owner is Constellation Energy following its spin-off from Exelon. Soon after acquiring the power plant, Exelon made in 2001 a request to uprate its power by 20%, from 2894 MWt to 3473 MWt, [ 10 ] resulting in an increase of 193 MWe, the largest approved by the NRC until 2012.