Crane Clean Energy Center (Three Mile Island Unit 1) — 835 MW nuclear restart, Londonderry Township PA
Historic 20-year PPA enables restart of TMI Unit 1, shut down in 2019. Renamed Crane Clean Energy Center. $1.6B investment in restart through 2028. Will produce ~7M MWh/year. Largest PPA Constellation has ever signed. Expected to increase EPS growth from 10% to 13%. DOE later approved $1B loan for restart.
$1.60B
Deal Value
835MW
Capacity
Other
Technology
PA
Location
Deal Details
- Deal Type
- Corporate PPA
- Seller / Sponsor
- Constellation Energy
- Buyer / Financier
- Microsoft
- Offtaker
- Microsoft
- Deal Value
- $1.6B (investment)
- Stage
- Construction
- ISO/RTO
- PJM
- Tenor
- 20 years
- Source
- Constellation Energy
Service Providers
Advisory & Legal
- Sponsor Counsel
- Orrick
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