CEG · 10-Q · 2026Q2 · Full report

Regulatory Approval Milestones

Constellation Energy Corp · 2026-08-06 · Importance 44 · Surprise 60 · In source text

Constellation’s restart of Three Mile Island Unit 1, renamed the Crane Clean Energy Center, is supported by a 20-year power purchase agreement with Microsoft. Restart and electricity delivery remain subject to the NRC’s comprehensive safety and environmental review and permits from relevant state and local agencies. PJM identified contingent transmission upgrades that could extend the project’s full grid deliverability to dates as late as December 2030. In March 2026, Constellation requested that FERC permit transfer of capacity interconnection rights from Eddystone to Crane, and FERC granted the waiver in June 2026.

Key facts

• We filed our annual decommissioning funding status report with the NRC for our shutdown units and units within five years of shutdown in March 2026 and the report demonstrated adequate decommissioning funding assurance as of December 31, 2025. source
• Eddystone Units 3 and 4 were previously announced as having a planned retirement date of May 31, 2025 but have been required to continue operating as energy-only resources under DOE emergency orders issued in 2025 and 2026. source
• NRC regulations require licensees to demonstrate reasonable assurance that sufficient funds will be available in certain minimum amounts for radiological decommissioning of the facility under NRC minimum funding requirements. source
• Payables related to Regulatory Agreement Units on the Consolidated Balance Sheet at June 30, 2026 were $5,914 million. source
• In March 2026 we filed a waiver request with FERC to allow transfer of capacity interconnection rights (CIRs) from Eddystone to Crane to reduce contingent upgrades, and in June 2026 FERC granted the waiver request. source
• PJM's Phase I System Impact Study for Crane identified contingent transmission upgrades with some projected in-service dates extending as late as December 2030. source

Impact estimates