The stand-alone company, called Constellation, operates the nation’s largest fleet of nuclear-power plants and has plans for further growth by acquisition. But the nuclear plants, which have struggled to compete in recent years with cheaper natural-gas plants, as well as solar and wind farms, face uncertainty. Many now rely on state subsidies to survive.
Joseph Dominguez,
Constellation’s chief executive, sees a brighter future as state and federal policy makers increasingly view nuclear energy as critical to achieving ambitious goals to decarbonize the power grid in the coming decades. The Biden administration has targeted a carbon-free grid by 2035.
The Calvert Cliffs control room at the nuclear plant in Lusby, Md.
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