Nuclear and renewables By Tom Killi

Closer to Restarting Operations: Crane in Constellation's Results for the Second Quarter of 2026

Constellation's results release of August 6, 2026 reports two approvals for the restart of its Crane Clean Energy Center, one from the federal energy regulator and one from the nuclear regulator. The company says the nuclear regulator's approval moves it closer to restarting operations in 2027.

Constellation Energy reported its results for the second quarter of 2026 on August 6, 2026. Among the highlights are two approvals for a nuclear plant the company is working to restart, the Crane Clean Energy Center. Parts of the release follow, not the whole.

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Two Approvals for Crane

One came from the federal energy regulator. It granted the company's waiver request to transfer existing capacity interconnection rights from Eddystone Units 3 and 4, dual fuel units in Pennsylvania, to the Crane Clean Energy Center. The release says this decision "clears a critical regulatory hurdle for the plant restart." The company says it expects the transfer "to expedite its ability to deliver reliable emissions-free power to the grid."

The other came from the nuclear regulator, which "has approved a fuel license amendment request for the Crane Clean Energy Center." The release calls that "a major milestone," and gives a year for the restart. In the company's words, the approval moves it "closer to restarting operations in 2027."

The approvals are steps the company reports, and the restart year is the company's own. For a lender, the date that counts is the day the plant first sends power to the grid, and the release does not give that day.

Contracts and Renewals

The release also reports an additional 920 MW of long-term power purchase agreements "for clean, reliable nuclear generation," running 15 to 20 years and "set to begin in 2029 through 2032." One of them, with a customer the release names, "will enable a 30 MW capacity expansion" at the company's Dresden Clean Energy Center in Illinois.

The company has also filed license renewal applications with the nuclear regulator for two units in upstate New York, the Ginna Clean Energy Center and the Nine Mile Point Unit 1 reactor. "If approved, the units' operating licenses would be extended 20 years, to 2049." The release says it contains forward-looking statements that are "subject to risks and uncertainties."

Sources

  1. Constellation Energy Corporation. Constellation Reports Second Quarter 2026 Results. 6 August 2026. company filing