Particle.news
Download on the App Store

Constellation Pitches $20 Billion Maryland Power Portfolio as PSC Fast-Tracks New Capacity

State regulators are moving on an accelerated schedule under a new law to pick in-state resources.

Overview

  • Constellation detailed options totaling up to 5,800 MW, including 800 MW of battery storage, 700 MW of natural gas units that could later convert to hydrogen, and expanded nuclear capacity at Calvert Cliffs through relicensing and potential new reactors.
  • The company says the portfolio could proceed in combinations set by state policy, with most investment focused on zero‑ and low‑carbon resources.
  • The PSC’s solicitation drew three bids by the October window: Constellation’s multi‑technology package, Alpha Generation’s plan to expand the Keys Energy Center, and a confidential proposal from Total Civil Construction & Engineering.
  • Under the Next Generation Energy Act, regulators plan to select projects within nine to ten months with 60‑day commission decisions, and the law directs procurement of up to 1,600 MW of storage with an initial proposal deadline of January 1, 2026.
  • Environmental and consumer groups urged the PSC to rapidly approve solar‑paired storage to capture expiring federal tax credits, as PJM warns demand growth is outpacing new generation even with sufficient resources projected for this winter.