Constellation, Meta Sign 20-Year Deal for Clean, Reliable Nuclear Energy in Illinois
Source: Yahoo! Finance/Business Wire
Tue, June 3, 2025 at 7:00 AM EDT
CLINTON, Ill., June 03, 2025--(BUSINESS WIRE)--Constellation (Nasdaq: CEG) and Meta have signed a 20-year power purchase agreement (PPA) for the output of the Clinton Clean Energy Center to support Meta’s clean energy goals and operations in the region with 1,121 megawatts of emissions-free nuclear energy.
Beginning in June of 2027, the agreement supports the relicensing and continued operations of Constellation’s high-performing Clinton nuclear facility for another two decades after the state’s ratepayer funded zero emission credit (ZEC) program expires. This deal will expand Clinton’s clean energy output by 30 megawatts through plant uprates; preserve 1,100 high-paying local jobs; deliver $13.5 million in annual tax revenue; and add $1 million in charitable giving to local nonprofits over five years.
"Last year, Constellation’s announced plan to restart the Crane Clean Energy Center became national news, but despite all of the interest and overwhelming support, a key question was missed: why did we let such a valuable plant close in the first place? We all know that the closure cost our community jobs, tax revenue, more pollution and higher prices," said Joe Dominguez, president and CEO, Constellation.
"We are proud to partner with Meta because they asked that important question, and even better, they figured out that supporting the relicensing and expansion of existing plants is just as impactful as finding new sources of energy. Sometimes the most important part of our journey forward is to stop taking steps backwards."
Read more: https://finance.yahoo.com/news/constellation-meta-sign-20-deal-110000999.html
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