- Constellation-Google deal: 3.6 GW, long-term, set rate.
- Constellation spending $4.3B on 11 reactor upgrades.
- Constellation stock +12%, Talen +12%, NRG +7%, Vistra +11%.
- Vistra received $4.2B DOE loan for nuclear upgrades.
- Power stocks were down double-digit percentages YTD before Tuesday.
- Constellation Energy agreed to sell 3.6 GW of electricity to Google through long-term deals, funding $4.3 billion in nuclear reactor upgrades across New Jersey, Illinois, and Pennsylvania. The arrangement adds grid capacity without raising consumer rates. Constellation stock jumped 12%, Talen Energy 12%, NRG 7%, and Vistra 11%. Vistra also received a $4.2 billion DOE loan for its own nuclear upgrades.
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