U.S. regulators reject nuclear power agreement with Amazon, multiple nuclear power stocks face a "bloodbath"
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The Federal Energy Regulatory Commission (FERC) rejected an interconnection agreement with Amazon's data center, leading to significant declines in several nuclear power stocks. Talen Energy's stock fell 14% in pre-market trading, Constellation Energy dropped by as much as 13.15%, and Vistra Energy decreased by 7.8%. FERC commissioners stated that the deal could increase electricity costs and affect grid reliability. Talen Energy indicated that it is evaluating various options and believes that the revised proposal is in the best interest of consumers
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