44% ownership stake in South Texas Project (STP) — 2,645 MW dual-unit nuclear plant, Bay City, Texas (ERCOT)
Constellation acquired NRG's 44% stake in South Texas Project — ~1,100 MW of nuclear capacity. Reinforces Constellation as the largest US producer of carbon-free energy. Announced June 2023; closed November 1, 2023.
$1.75B
Deal Value
1,100MW
Capacity
Nuclear
Technology
TX
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- NRG Energy
- Buyer / Financier
- Constellation Energy
- Deal Value
- $1.75B ($1.4B effective after tax benefits)
- Stage
- Operating
- ISO/RTO
- ERCOT
- Source
- Constellation Energy
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