00:00It's Benzinga, and here's what's on the block.
00:03Microsoft is estimated to pay Constellation Energy a premium under a 20-year power purchase
00:08agreement to restart the unit of the Three Mile Island nuclear plant in Pennsylvania.
00:13The deal addresses the rising demand for clean energy from AI-powered data centers.
00:18Jeffries analysts estimate that Microsoft will pay a significant premium for its power
00:22purchase agreement with Constellation, exceeding typical market rates for similar deals.
00:27They noted that customers are increasingly willing to pay higher prices for virtual nuclear
00:31agreements, boosting demand for these energy contracts.
00:35For all things money, visit Benzinga.com.
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