Maryland, Constellation Energy Strike $340M Deal to Improve Conowingo Dam's Operations and Environmental Impact
Maryland has struck a significant deals with Constellation Energy (NASDAQ:CEG) valued at over $340 million. This deals aims to boost operations and environment projects at the Conowingo Dam, ensuring its continued hydroelectric power generation and enhancing water quality in the Susquehanna River.
The deals, involving the U.S. Army Corps of Engineers and the EPA, sets enforceable conditions tied to the dam's federal license. These conditions aim to offset environmental impacts from the dam's operation. The deals clears the way for the re-licensing and continued operation of the Conowingo Dam's hydroelectric facility, which is Maryland's largest source of renewable energy.
Governor Moore welcomed the deals, stating it will lead to real improvements in water quality in the Susquehanna River, the biggest tributary of the Chesapeake Bay. This, in turn, secures the future of one of Maryland's largest clean energy producers.
The deals between Maryland and Constellation Energy ensures the Conowingo Dam's hydroelectric facility continues to generate power while committing to significant environment improvements. This deals is a win for both the state's clean energy production and the health of the Susquehanna River.
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