Constellation Energy (CEG) Signs $340M Agreement to Rehabilitate Chesapeake Bay

Core Insights - Constellation Energy Corporation (NASDAQ:CEG) has signed a $340 million agreement to enhance operational and environmental conditions at the Conowingo Dam, aimed at improving water quality in the Chesapeake Bay and addressing pollution issues [1][2]. Group 1: Agreement Details - The new agreement replaces a previous settlement from 2019 that was challenged by environmental groups and overturned in court in 2022 [2]. - The agreement includes initiatives to tackle sediment, nutrient pollution, and debris entering the Chesapeake Bay, as well as addressing invasive species like snakeheads and blue catfish [2][3]. - A Revised Water Quality Certification will be enforced by Maryland and incorporated into Constellation's 50-year operating license for the dam [3]. Group 2: Company Overview - Constellation Energy generates and supplies carbon-free power across major US markets, operating the largest fleet of nuclear plants alongside hydro, wind, solar, and natural gas facilities [4].