Microsoft is estimated to pay Constellation Energy a premium as part of a long-term power purchase agreement (PPA) related to the Three Mile Island nuclear plant in Pennsylvania, Jefferies analysts said on Monday.

Key Takeaways Constellation Energy's plan to restart the Three Mile Island Unit 1 nuclear plant to power Microsoft data centers got good reviews from analysts.Barclays called the plan "positive" for the company and others in the sector.

Microsoft’s power purchase agreement with Constellation is the latest sign of the major hyperscalers' advance toward getting more nuclear power and its benefits on-line. A

US Energy Secretary Jennifer Granholm backs Microsoft Corp‘s agreement to buy energy from a revived Three Mile Island nuclear plant, as her department seeks more carbon-free electricity options for artificial intelligence and power-hungry data centers.

Constellation Energy will restart the Three Mile Island Unit 1 nuclear plant to provide electricity to power Microsoft's data centers.

Constellation Energy and Microsoft said on Friday that they had inked a power agreement to assist in the first-ever restart of a section of the nuclear facility at Three Mile Island in Pennsylvania. TakeAway Points: Constellation Energy and Microsoft have inked a power agreement to assist in the first-ever restart of a section of the

Constellation Energy to bring Three Mile Island nuclear plant back to life. Microsoft will buy 100% of power from that plant for 20 years.

(This Sept. 23 story has been corrected to say that Unit 1 was shut down due to 'economic reasons,' not 'operational issues,' in paragraph 4) (Reuters) - Microsoft is estimated to pay Constellation Energy a premium as part of a long-term power purchase agreement (PPA) related to the Three Mile Island nuclear plant in Pennsylvania,

Microsoft and Constellation Energy plan to restart the Three Mile Island nuclear plant to meet rising AI energy demands, aiming for sustainability.