Constellation to acquire ownership stake in texas nuclear plant from nrg energy

Baltimore--(business wire)--constellation, operator of the nation's largest fleet of reliable, carbon-free nuclear plants, announced today it is acquiring nrg energy inc.'s 44 percent ownership stake in the south texas project electric generating station, a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of houston. 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 benefi.
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