Constellation (STZ,CBR.AX,STZ-B) announced it is acquiring NRG Energy Inc.'s 44 percent ownership stake in the South Texas Project Electric Generating Station, a nuclear plant. The deal is valued at $1.75 billion, with an effective purchase price of $1.4 billion. After the transaction, Constellation will be one of three owners with oversight of the South Texas Project Nuclear Operating Company, which will continue to operate the plant.
"The South Texas Project is an exceptionally well-maintained plant and its ability to produce resilient, carbon-free energy 24/7 makes it among the most valuable power sources in the world," said Joe Dominguez, CEO of Constellation.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.