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Talen, Constellation and Vistra tumble after government rejects Amazon nuclear data center agreement - TL;DR CNBC

Talen, Constellation and Vistra tumble after government rejects Amazon nuclear data center agreement

Publishing timestamp: 2024-11-04 13:50:53


Summary

The Federal Energy Regulatory Commission rejected a request to increase the amount of power the Susquehanna nuclear plant can dispatch to Amazon's data center campus. This decision could impact future deals between power and tech companies. Tech companies are increasingly turning to nuclear power to meet growing energy needs for AI and cloud computing. Stocks of companies involved in the energy sector have been performing well as a result.


Sentiment: MIXED

Tickers: CEGEXCUNDEFINEDAMZNMSFTNVDAVST

Keywords: business newsbreaking news: marketsexelon corpoil and gasnvidia corpenergyenvironmentamazon.com incconstellation energy corpmarketstalen energy corpmicrosoft corpvistra corp

Source: https://www.cnbc.com/2024/11/04/tech-partnerships-with-power-companies-for-ai-in-doubt-after-ferc-order.html


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