Microsoft Pays Constellation $100 Per Megawatt Hour to Restart Three Mile Island

What was said

"I thought Microsoft was a green company, but they went and convinced Constellation Energy, which is a company that owns the Three Mile Island nuclear reactor, you know, the one that melted down and created, you know, the nuclear meltdown that gave nuclear a bad name for 30 years. It was Microsoft that told them they needed to start it up, and in order to incentivize, to stimulate their hand-to-wallet reflex to start this thing up, they said, Power prices today are $50 a megawatt hour. We'll pay you $100 a year for 20 years, minimum price, for you guys to start this up."

Daniel Dreyfuss revealed Microsoft agreed to pay Constellation Energy double current power prices—$100 per megawatt hour versus the $50 market rate—under a 20-year contract to restart the infamous Three Mile Island nuclear reactor. The deal illustrates hyperscaler desperation for AI data center power and marks a dramatic reversal for a facility synonymous with nuclear disaster.