00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Amazon signed a 20-year power purchase agreement with Constellation Energy to secure 690 megawatts
00:08of nuclear power from Maryland's Calvert Cliffs plant as AI drives electricity demand,
00:13according to Benzinga. The agreement is expected to support more than $3 billion in Maryland
00:17infrastructure investment, including about 190 megawatts of new emissions-free generating
00:23capacity between 2030 and 2032. Amazon and Constellation also signed a separate electricity
00:29supply agreement covering Amazon operations across the 13-state PJM power market.
00:34Amazon's commitment is expected to support efforts to renew Calvert Cliffs' operating license
00:38for another 20 years. The plant currently supplies about 80% of Maryland's clean electricity and
00:43generates enough power for more than 1.3 million homes. For all things money, visit Benzinga.com.
