3 ms·
It's hard to say without knowing the details of the contract. I highly doubt Constellation put themselves in a position to be vulnerable to cost overruns. Or pe
by Workaccount2 2y ago
It's hard to say without knowing the details of the contract. I highly doubt Constellation put themselves in a position to be vulnerable to cost overruns. Or perhaps they see the deal as a shiny pendant they can dangle in front of dumb PE money when they want to cash out in the future.
Trust me, cynicism is well warranted with these ancient plants.
- brookst 2y agoAll of the articles say the deal is Microsoft agreeing to buy power for 20 years. It's possible that's wrong/incomplete, but it would be weird. Constellation's stock rose 20%, so the market at least thinks they'll make decent money on it. And it may be an "ancient plant" but it was operational 5 years ago, under Constellation's management.