Constellation Energy closes $1.75B deal after months of uncertainty

Constellation Energy Inc. has finalized its purchase of a stake in one of the nation’s largest nuclear plants for $1.75 billion after months of uncertainty. Baltimore-based Constellation (Nasdaq: CEG) completed its purchase of a 44% ownership stake in the South Texas Project Electric Generating Station after receiving approval from the Nuclear Regulatory Commission on Oct. 30, which was the final regulatory hurdle before the deal could close.