Crane Clean Energy Center (Three Mile Island Unit 1 restart) — 835 MW nuclear, Londonderry Township, Pennsylvania (PJM)
Bilateral price not officially disclosed. Morgan Stanley estimates ~$98-100/MWh, Jefferies $110-115/MWh, Karp estimate $120/MWh required for Constellation EPS targets. Used $100/MWh as conservative anchor. NOT solar, but critical hyperscaler PJM benchmark showing the premium current Microsoft is willing to pay for 24/7 PJM carbon-free. COD: 2028-01-01. Contract term: 20 years. Price confidence: medium.
Deal Value
835MW
Capacity
Nuclear
Technology
PA
Location
Deal Details
- Deal Type
- Corporate PPA
- Seller / Sponsor
- Constellation Energy
- Buyer / Financier
- Microsoft
- Offtaker
- Microsoft
- Stage
- Operating
- ISO/RTO
- PJM
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