Wes Moore, Governor of Maryland, announced a historic agreement with Constellation Energy (CEG) to fund and implement operational improvements and environmental projects at the Conowingo Dam. The commitments – valued at more than $340M and negotiated in partnership with Waterkeepers Chesapeake and Lower Susquehanna Riverkeeper Association – will meet enforceable water quality standards by mitigating the impacts associated with the dam’s operation, his office said. The agreement clears the way for the re-licensing and continued operation of the dam’s hydroelectric facility on the Susquehanna River, which is the largest source of renewable energy in the state.
Claim 55% Off TipRanks
New trading tool for CEG bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CEG:
- Constellation Energy Elects Alan Armstrong to Board
- Constellation Energy appoints Armstrong to board of directors
- High Electricity Demand Could Boost These 2 Power Producer Stocks, Says Scotiabank
- Constellation Energy initiated with an Outperform at Scotiabank
- Hold Rating on Constellation Energy: Valuation Concerns and Uncertainty in Data Center Deals
