Constellation Energy in Deal to Buy NRG’s Stake in South Texas Nuclear Project
June 4, 2023
Constellation Energy is acquiring NRG Energy’s 44 percent stake in the 2,645-megawatt South Texas Project nuclear plant in Texas.
The transaction is valued at $1.75 billion, with an effective purchase price of $1.4 billion after taking into consideration the present value of tax benefits to Constellation. Baltimore-based Constellation said the transaction would be financed with a combination of cash and debt.
