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Microsoft and Constellation Sign 20-Year Power Purchase Agreement to Launch Crane Clean Energy Center

Sep 20, 2024•over 1 year ago

Contract Type

agreement

New YorkSoftware

Description

Constellation has announced a 20-year power purchase agreement with Microsoft to restart the Crane Clean Energy Center and Three Mile Island Unit 1. Microsoft will purchase energy from the renewed plant as part of its goal to use carbon-free energy for its data centers.

Company Information

Company

Constellation

Location

New York, New York, United States

About

Constellation is a growing portfolio of MPL insurance and partner companies working Together for the common good®. Formed in response to the ever-changing realities of health care, Constellation is dedicated to reducing risk and supporting physicians and care teams, thereby improving business results. Constellation and member companies MMIC, UMIA, Arkansas Mutual and MMIC Risk Retention Group hold an “A” (Excellent) financial strength rating from AM Best. Visit ConstellationMutual.com About Michigan Professional Insurance Exchange Michigan Professional Insurance Exchange (MPIE) provides exceptional medical professional liability coverage, claims handling and risk reduction, and patient safety services. ERC Risk Solutions is a subsidiary of MPIE providing customized risk management services nationwide. MPIE is based in Grand Rapids, Michigan. MPIE employs over 30 people and has annualized gross written premiums of approximately $23 million.

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Agreement Insights

Based on industry data
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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