Three Mile Island Rises Again

The sister plant to the ill-fated Three Mile Island (TMI) nuclear
reactor in Pennsylvania is getting a new life. In this episode of
Grid Talk, host Marty Rosenberg interviews Dan Eggers, executive
vice president and chief financial officer of
Constellation. 


Constellation will pay $1.6 billion to refurbish Unit 1 at Three
Mile Island by 2028. It sits near Unit 2, the reactor that
suffered a partial meltdown in 1979.  Unit 1 is an
independent reactor, and its long-term operation was not impacted
by the Unit 2 accident. 


Unit 1 closed in 2019 due to financial conditions, but Microsoft
has now agreed to purchase all the energy from the plant to meet
demand for its data centers.


“They are undeniably a sustainability leader,” Eggers said of
Microsoft. “When we realized that this was a viable project in
the sense that we could bring it back from a mechanical and
technical perspective, we brought the opportunity to them,
explained what it could be, and they were very
enthusiastic.” 


Eggers says the need for additional generation made them take
another look at TMI Unit 1. 


“We ran it for 20 years. It ran incredibly well, safely,
reliably, dependably over that time,” said Eggers.


Daniel L. Eggers is the executive vice president and chief
financial officer for Constellation. In this role, he is
responsible for leading the execution of all financial activities
for the Constellation business. He serves on the Constellation
Executive Committee, which sets strategy and direction for the
company.


Eggers joined Exelon in 2016. Prior to that he was with Credit
Suisse for 18 years with a focus on energy-related sectors. 


Eggers received a bachelor's degree in Finance from Texas
Christian University and received the Chartered Financial Analyst
designation in 2000. He also completed the Massachusetts
Institute of Technology’s Reactor Technology Course in 2023.