Constellation Energy Corp
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
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9. Jointly Owned Electric Plant
Note 9 — Jointly Owned Electric Plant
- Jointly Owned Electric Plant
Our material undivided ownership interests in jointly owned nuclear plants as of December 31, 2023 and 2022 were as follows:
| Nuclear Generation | |||||
|---|---|---|---|---|---|
| Quad Cities | PeachBottom | Salem | Nine Mile Point Unit 2 | South Texas Project | |
| Operator | Constellation | Constellation | PSEG Nuclear | Constellation | STPNOC |
| Ownership interest | 75.00% | 50.00% | 42.59% | 82.00% | 44.00% |
| Plant in service | $1,263 | $1,552 | $781 | $1,073 | $1,089 |
| Accumulated depreciation | 805 | 689 | 357 | 292 | 5 |
| Construction work in progress | 8 | 14 | 49 | 35 | 13 |
| Plant in service | $1,243 | $1,534 | $772 | $1,063 | $— |
| Accumulated depreciation | 761 | 659 | 328 | 256 | — |
| Construction work in progress | 7 | 12 | 23 | 26 | — |
Our undivided ownership interests are financed with our funds and all operations are proportionately consolidated consistent with our ownership interest. Our share of direct expenses of the jointly owned plants are included in Purchased power and fuel and Operating and maintenance expenses in the Consolidated Statements of Operations and Comprehensive Income.
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