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Constellation Energy will continue to pursue deals to develop on the sites of its U.S. power plants, days after federal regulators dealt a blow to the so-called co-located arrangements, company executives said on Monday. The Federal Energy Regulatory Commission on Friday rejected an agreement to increase the power capacity of an connected directly to ‘s nuclear power plant in Pennsylvania in a decision seen as chilling similar deals. Constellation said it is seeking guidance from regulators after FERC’s decision about co-location, which had become a promising prospect for Big Tech’s plans to quickly access large amounts of power for its AI expansion instead of waiting for years to connect to the grid. “We will pursue this regular clarity while simultaneously pursuing commercial strategies for co-location that are permitted under our existing rules”, Constellation CEO Joseph Dominguez said on a company earnings call.
