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Constellation EnergyInvestment

FERC waiver cuts years off Three Mile Island nuclear plant restart timeline.

What happened

Constellation Energy Corp. invested into assets: power for its data centers in the amount of $1.6B in Three Mile Island on Jul 1st '24.

Source

Article excerpt

FERC waiver cuts years off Three Mile Island nuclear plant restart timeline. June 4, 2026 Share to: The Federal Energy Regulatory Commission (FERC) has issued a waiver allowing Constellation Energy to transfer capacity interconnection rights from one of its gas plants to its Three Mile Island nuclear plant, effectively reducing the timeline for restart from 2031 to 2027. With the waiver in place, Constellation will now be able to transfer some grid rights from its Eddystone natural gas plant to the 835-megawatt nuclear plant, avoiding interconnection delays caused by stalled transmission projects. Three Mile Island, which will be restarted under the new name of Crane Clean Energy Center, was shut down in 2019. The previous owner Exelon decided to end operations after a financial rescue package did not come from Pennsylvania legislators. Constellation said that during the system impact study for the plant's restart, PJM identified numerous transmission projects that would include hundreds of miles of new lines as contingent facilities. However, Constellation argued that many of these lines have already incurred years of delays, and if those new lines are still included as contingent facilities in the plant's final interconnection agreement, the plant's restart would be held up until every contingent facility is completed. The company said this could cause Crane to sit...

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Extracted from this sentence

The reactor at Three Mile Island had been out of operation for five years when Constellation Energy announced in 2024 that it would spend $1.6 billion to restart it under a 20-year agreement with Microsoft to buy the power for its data centers.

Extracted by Autobound

From the Signal API record
Event
Investment

What this signalsA large capital project often starts a round of vendor buying.

Amount named
$1.6B
Stories
2
Takes effect
Jul 1, 2024
Location
Three Mile Island
Amount as written
$1.6 billion

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The full record

From the Signal API record

Numbers

Amount named in the story
$1.6B
Stories about this event
2

Details

Assets
power for its data centers
Category
Invests into assets

Topics and mentions

Asset tags

  • energy
  • it

Product tags

  • data

Job title tags

  • data analysis
  • information technology

Extraction

Confidence
61%
Detected
Jun 4, 2026
signal_type
news
signal_subtype
invests_into_assets

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/3aa57232-a617-40cb-90de-e5f2e9ad7b4c returns this record as JSON. POST /v1/companies/enrich returns every signal for constellationenergy.com.

{
  "signal_id": "3aa57232-a617-40cb-90de-e5f2e9ad7b4c",
  "signal_type": "news",
  "signal_subtype": "invests_into_assets",
  "detected_at": "2026-06-04T19:52:56+00:00",
  "company": {
    "name": "Constellation Energy",
    "domain": "constellationenergy.com"
  },
  "data": {
    "url": "https://www.power-eng.com/nuclear/ferc-waiver-cuts-years-off-three-mile-island-nuclear-plant-restart-timeline",
    "title": "FERC waiver cuts years off Three Mile Island nuclear plant restart timeline.",
    "amount": "$1.6 billion",
    "assets": "power for its data centers",
    "excerpt": "FERC waiver cuts years off Three Mile Island nuclear plant restart timeline.\n\nJune 4, 2026\n\nShare to:\n\nThe Federal Energy Regulatory Commission (FERC) has issued a waiver allowing Constellation Energy to transfer capacity interconnection rights from one of its gas plants to its Three Mile Island nuclear plant, effectively reducing the timeline for restart from 2031 to 2027.\n\nWith the waiver in place, Constellation will now be able to transfer some grid rights from its Eddystone natural gas plant to the 835-megawatt nuclear plant, avoiding interconnection delays caused by stalled transmission projects.\n\nThree Mile Island, which will be restarted under the new name of Crane Clean Energy Center, was shut down in 2019. The previous owner Exelon decided to end operations after a financial rescue package did not come from Pennsylvania legislators.\n\nConstellation said that during the system impact study for the plant's restart, PJM identified numerous transmission projects that would include hundreds of miles of new lines as contingent facilities. However, Constellation argued that many of these lines have already incurred years of delays, and if those new lines are still included as contingent facilities in the plant's final interconnection agreement, the plant's restart would be held up until every contingent facility is completed. The company said this could cause Crane to sit in...",
    "summary": "Constellation Energy Corp. invested into assets: power for its data centers in the amount of $1.6B in Three Mile Island on Jul 1st '24.",
    "category": "invests_into_assets",
    "found_at": "2026-06-04T19:52:56Z",
    "location": "Three Mile Island",
    "planning": false,
    "image_url": "https://www.power-eng.com/wp-content/uploads/2025/02/Three-Mile-Island_1200x630-1.png",
    "confidence": 0.6136,
    "assets_tags": [
      "energy",
      "it"
    ],
    "product_tags": [
      "data"
    ],
    "published_at": "2026-06-04T19:52:56Z",
    "effective_date": "2024-07-01",
    "job_title_tags": [
      "data_analysis",
      "information_technology"
    ],
    "article_sentence": "The reactor at Three Mile Island had been out of operation for five years when Constellation Energy announced in 2024 that it would spend $1.6 billion to restart it under a 20-year agreement with Microsoft to buy the power for its data centers.",
    "amount_normalized": 1600000000
  }
}

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