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Constellation is collaborating with Microsoft on the development of an energy matching technology to match a customer's power needs with local carbon-free energy sources. The real-time, data-driven carbon accounting solution will use hour-by-hour regional tracking giving customers clearer and more accurate data on their emissions impact and help to achieve zero-carbon goals, the company said.
- Source: World Nuclear News
- Date: Wednesday, 09 March 2022
- Original article: world-nuclear-news.org/Articles/Constellation,-Microsoft-in-clean-energy-collabora
The new company, based in Baltimore, Maryland, began trading this week on the Nasdaq Global Select Market under the symbol “CEG.”
Exelon announced last February that it had begun work to separate its utility businesses from its competitive power generation and customer-facing energy businesses.
In a press release announcing the separation, Constellation said it is exploring growth opportunities that build on its core businesses and capitalise on the expanding demand for carbon-free energy, including potential acquisition of nuclear plants or other clean energy assets, creating clean hydrogen using its nuclear fleet, and introducing new products and services for business customers.
- Source: Nucnet
- Date: Saturday, 05 February 2022
- Original article: nucnet.org/news/restructuring-complete-with-constellation-confirming-split-from-exelon-2-5-2022
The two companies that will emerge from the approaching separation of Exelon Generation's regulated utility and competitive energy businesses have set out their respective plans at separate analyst events this week. Exelon will become the USA's largest transmission and distribution (T&D) utility serving some 10 million customers across seven different regulatory jurisdictions. Constellation will be the largest producer of carbon-free electricity in the country.
- Source: World Nuclear News
- Date: Thursday, 13 January 2022
- Original article: world-nuclear-news.org/Articles/Exelon-and-Constellation-prepare-for-separation
Exelon Generation has announced plans for more than USD300 million-worth of capital projects at its Byron and Dresden plants, and hiring 650 employees, following the state of Illinois's passage of clean energy legislation. Separately, the company has today announced the senior leadership of the two businesses that will result from the separation of its regulated utility and competitive energy businesses. The regulated business is to be called Exelon and the competitive business Constellation.
- Source: World Nuclear News
- Date: Saturday, 02 October 2021
- Original article: world-nuclear-news.org/Articles/Exelon-reveals-Illinois-investment-plans-new-comp
A clean energy bill, Senate Bill 2408, which includes a plan to prevent closure of the Byron NPP was adopted by the Illinois House of Representatives on 9 September after hours of debate by 83 votes to 33.
- Source: NEI Magazine
- Date: Tuesday, 14 September 2021
- Original article: neimagazine.com/news/newsillinois-house-passes-clean-energy-bill-9076878
Chicago-based Exelon on 16 June notified the PJM electricity transmission organisation that it plans to take the two units of the Byron NPP offline in September. PJM is a regional transmission organisation that coordinates the movement of wholesale electricity in all or parts of 13 US states, including Illinois, and the District of Columbia.
- Source: NEI Magazine
- Date: Tuesday, 22 June 2021
- Original article: neimagazine.com/news/newsexelon-npps-face-closure-without-legislative-support-but-rescue-still-possible-8837358
US power company Exelon announced on 24 February that its Board of Directors had approved a plan to separate Exelon Utilities (RemainCo), comprising the company’s six regulated electric and gas utilities, and Exelon Generation (SpinCo), its competitive power generation and customer-facing energy businesses, “into two publicly traded companies with the resources necessary to best serve customers and sustain long-term investment and operating excellence”.
- Source: NEI Magazine
- Date: Wednesday, 03 March 2021
- Original article: neimagazine.com/news/newsexelon-to-establish-two-separate-companies-8561362
Exelon Corporation plans to separate its regulated utility and competitive energy businesses into two publicly traded companies, creating the USA's biggest fully regulated transmission and distribution utility, as well as its largest carbon-free power producer.
- Source: World Nuclear News
- Date: Friday, 26 February 2021
- Original article: world-nuclear-news.org/Articles/Exelon-to-separate-utility-and-generation-business
US-based Exelon Generation has announced that it intends to retire its Byron and Dresden nuclear power plants in Illinois in autumn 2021.
- Source: NEI Magazine
- Date: Tuesday, 01 September 2020
- Original article: neimagazine.com/news/newsexelon-to-close-byron-and-dresden-nuclear-power-plants-8109874
The US Nuclear Regulatory Commission staff has approved Exelon Generation Company’s application for an additional 20 years of operation for the Peach Bottom-2 and -3 nuclear power units in Pennsylvania.
The renewed licences authorise reactor operation from 60 to 80 years.
The NRC approved initial licence renewals of 20 years for both units in May 2003, with Unit 2 licensed to operate until 8 August 2033 and Unit 3 until 2 July 2034. Those dates have now been extended by 20 years. The new Peach Bottom-2 subsequent licence expires on 8 August 2053 and the Peach Bottom-3 licence on 2 July, 2054.
Both units are 1,308-MW boiling water reactors. Peach Bottom-2 began commercial operation in July 1974 and Peach Bottom-3 in December 1974.
- Source: Nucnet
- Date: Tuesday, 10 March 2020
- Original article: nucnet.org/news/us-regulator-approves-reactor-operation-for-another-20-years-3-1-2020