BUZZ-Constellation receives $1 bln in nuclear supply contracts; shares up
** Shares of U.S.-based electric utility Constellation Energy CEG.O rise 6.6% to $238.34
** Company receives more than $1 billion in combined contracts from the U.S. General Services Administration (GSA) to supply nuclear power to more than 13 government agencies
** CEG will supply the GSA with more than 1 million megawatt hours (MWh/yr) annually, beginning in 2025
** "Under this agreement, the United States government joins Microsoft and other entities to support continued investment in reliable nuclear energy that will allow Constellation to relicense and extend the lives of these critical assets" - Constellation President and CEO Joe Dominguez
** In combination with the Crane restart announced previously, CEG and its partners will add nearly 1,100 MWs of 24/7 clean energy by 2028 - Joe Dominguez
** Including the session's moves, stock up 5.2%
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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