Constellation Energy inks nuclear deal with Exelon's ComEd; shares hit record high
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Constellation Energy (NASDAQ:CEG) +2.3% to a new record high in Thursday's trading after unveiling an agreement to supply Exelon's (EXC) ComEd utility with 100% hourly-matched carbon-free electricity to all of its 54 offices and metered facilities in Illinois.
ComEd would become the first U.S. investor-owned utility to power its facilities with 100% clean energy produced at the same time and place it is consumed.
The agreement follows a similar deal between Constellation (CEG) and Microsoft to power one of the latter's Virginia data centers with nearly 100% carbon-free nuclear energy.
ComEd's hourly carbon-free energy purchase would match its anticipated electricity use of ~65K MWh, which includes its corporate and regional headquarters, reporting centers, business offices, training and special use facilities and substations.
"Matching clean energy production to the time and place a customer uses it is the only way we will truly achieve zero carbon emissions across our economy," Constellation (CEG) President and CEO Joe Dominguez said.

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