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Constellation Energy (CEG) Stock Gains as New York Plans New Nuclear Plant
Constellation Energy (CEG) Stock Gains as New York Plans New Nuclear Plant

Yahoo

time03-07-2025

  • Business
  • Yahoo

Constellation Energy (CEG) Stock Gains as New York Plans New Nuclear Plant

Constellation Energy Corporation (NASDAQ:CEG) is one of the top 10 nuclear energy stocks to invest in for the next decade. On June 23, the company's stock climbed following reports that New York state plans to build one of the first new U.S. nuclear power plants in over a generation. Reports indicate that New York Governor Kathy Hochul directed the New York Power Authority to add at least 1 gigawatt of new nuclear power generation. The New York Power Authority is tasked with identifying a site in upstate New York and determining the reactor design, which could involve either one large reactor or multiple smaller ones. The initiative marks a significant shift in U.S. nuclear development, as only five new commercial reactors have come online since 1991. Hochul stressed that the project could progress faster due to President Donald Trump's recent executive orders aimed at 'accelerating nuclear power development by overhauling regulations and streamlining permitting processes.' The Governor stated, 'We must radically increase supply, starting now,' and added, 'If we don't increase our capacity over the next decade, we will see rolling blackouts and other disruptions.' Constellation Energy owns or holds majority stakes in New York's three currently operating nuclear plants, which are among the potential sites being considered for the new plant. Constellation Energy Corporation (NASDAQ:CEG) is an energy company that produces and sells electricity, natural gas, and clean energy solutions. The company serves a broad range of customers—residential, commercial, industrial, public sector, and municipal utilities—across multiple U.S. regions, including the Mid-Atlantic, Midwest, New York, and Texas. While we acknowledge the potential of CEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Healthcare Penny Stocks to Buy According to Analysts and Goldman Sachs Energy Stocks: 10 Stocks to Buy. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

This Viral Cornell BBQ Sauce Might Be Chicken's New Best Friend
This Viral Cornell BBQ Sauce Might Be Chicken's New Best Friend

CNET

time01-07-2025

  • General
  • CNET

This Viral Cornell BBQ Sauce Might Be Chicken's New Best Friend

You probably don't think "Ivy League" when you think barbecue, but one of the best chicken recipes out there actually comes from a Cornell University professor. It's called Cornell chicken, and it's been around for over 75 years: a tangy, vinegar-based marinade that somehow makes every piece of chicken come out juicy on the inside and crispy on the outside. It doesn't matter if you're grilling or broiling, this recipe just works. No bottled sauces, no fancy steps, just a handful of pantry staples and one surprisingly effective method. People swear by it for a reason, and after one bite, I did, too. When it comes to barbecue traditions, upstate New York might not be the first place that comes to mind, but this is considered by many to be the first documented barbecue chicken recipe. And after trying it myself, I get the hype. Whether you're firing up the charcoal, searing in a cast-iron skillet, or tossing it in the air fryer, this recipe just works. It's easy to scale, simple to prep and ideal for backyard hangouts or weekday dinners when you want bold flavor without the fuss. If you've never tried Cornell chicken, now's the time to add it to your summer rotation -- it's a true classic that's earned its legendary status. The Cornell chicken recipe was created by Robert C. Baker, a Cornell professor of poultry science and food science (and passionate home cook), who has earned iconic status in the region. Grounded in basic food science, the recipe calls for just a few simple ingredients: bone-in chicken, apple cider vinegar, oil, a few common spices -- or a poultry seasoning blend -- and a reliable cooking method. Though it shines over open coals, I found it came out just as tasty from a skillet or air fryer. Whether you like to cook your summer bird in an air fryer, over a cast-iron skillet or directly on the grates of your gas or pellet smoker -- I made this recipe on all three and it worked each time -- this simple and straightforward marinade is easy to make in large batches and worth adding to your rotation. What's special about Cornell chicken? Baker is a Northeast barbecue legend. Baker wrote the proverbial book on barbecue chicken, according to many, after extensive recipe testing in the 1950s. He was unhappy with the bland state of American cuisine and created this recipe to help serve tasty food en masse at large cookouts. "Cornell chicken," as it's known, is beautifully simple and remains one of the most lauded chicken marinades and summer cookout recipes. You'll find Cornell chicken served at restaurants, particularly in upstate New York, where the university is located, family picnics, food fairs and festivals across the country. What's different about Cornell chicken? Cornell chicken uses one unusual element, a beaten egg, to add a creamy coating and let the chicken skin get crispy without burning. There's also poultry seasoning for depth of flavor and vinegar to add tang and help the marinade penetrate. If you're wondering how to make Cornell chicken, it's easy -- use just five ingredients and a similar cooking method to traditional barbecue chicken. This chicken marinade is vinegar-based so it's akin more to a Carolina style than the sweet Kansas City or St. Louis styles. Baker suggests using a charcoal grill to keep unwieldy flames from cooking the skin unevenly. The barbecue chicken recipe is about as simple as it gets. Baker's cooking technique is a little more meticulous. How to make perfect Cornell chicken Ingredients Bone-in chicken pieces 1/2 cup vegetable cooking oil 1 cup apple cider vinegar 1.5 teaspoons poultry seasoning 1 beaten egg Salt and pepper to taste Let the marinade do its thing for at least three hours. David Watsky/CNET Directions Step 1 : Beat the egg. Add oil and beat again. : Beat the egg. Add oil and beat again. Step 2 : Whisk together all the ingredients in a bowl. : Whisk together all the ingredients in a bowl. Step 3 : Add chicken pieces and toss to coat. Refrigerate for at least three hours and up to 24 hours. : Add chicken pieces and toss to coat. Refrigerate for at least three hours and up to 24 hours. Step 4 : Place coated chicken on a medium-high grill (Baker suggests charcoal) or hot cast-iron skillet and reserve any leftover marinade. : Place coated chicken on a medium-high grill (Baker suggests charcoal) or hot cast-iron skillet and reserve any leftover marinade. Step 5 : Cook for 15 to 20 minutes, flipping and basting the chicken with leftover sauce every five minutes. The basting should be light at first and grow heavier toward the end of cooking. : Cook for 15 to 20 minutes, flipping and basting the chicken with leftover sauce every five minutes. The basting should be light at first and grow heavier toward the end of cooking. Step 6: Cook until internal temperature reaches 160 degrees F. Baker recommends a charcoal grill but gas works fine, too. David Watsky/CNET Can you make Cornell chicken in an air fryer? Yes and I did. I put half of my batch in the air fryer and the other half over a hot flame the way Baker intended. Both methods worked well. The grill gave me a slightly more caramelized char while the air fryer was faster and there was less to clean up. Baker included instructions on how to build a fire pit but you can choose a charcoal or gas grill and get similar results. Can you use any chicken for Cornell chicken? Baker's original recipe calls for broilers (small whole chickens), but this recipe can be applied to any bone-in, skin-on chicken. You can use boneless, skinless chicken, but you won't get that coveted crispy skin that Baker's Cornell chicken recipe aces. As it turns out, some forum users have even experimented with using the Cornell chicken cooking recipe on wings -- to pretty immediate success. One person from the r/Wings subreddit shared their successful Cornell chicken wings, after using the same basic six-step process included in Baker's original recipe. If you don't feel like making this sauce, these are the best bottled barbecue sauces we've tried. Watch this: Best Air Fryers: Cheap vs. Expensive 19:24 Cornell chicken FAQs What is the most important ingredient for Cornell chicken? Aside from the obvious -- the bone-in chicken -- the apple cider vinegar is perhaps the most important part of the Cornell chicken marinade. It adds a unique "tang" and a depth of flavor that defines Baker's BBQ recipe. Adding the egg also allows the skin to crisp over, adding a great texture to bite into.

New York state to build nuclear power plant amid revival in nuclear energy investments
New York state to build nuclear power plant amid revival in nuclear energy investments

South China Morning Post

time23-06-2025

  • Business
  • South China Morning Post

New York state to build nuclear power plant amid revival in nuclear energy investments

New York Governor Kathy Hochul announced plans on Monday to build a nuclear power facility, enlisting a state agency for the first major new US nuclear construction since 2009. Hochul tapped the New York Power Authority to develop a nuclear plant with a combined capacity of at least one gigawatt of electricity, according to a New York state press release. The project is targeted for upstate New York where Hochul, in a speech unveiling the plan, described several communities as being receptive because they 'know these are good paying, long-term jobs'. The move comes amid a revival in nuclear energy investments prompted in large part by large technology companies targeting the energy form as a source to fuel massive artificial intelligence data centres. Hochul referenced recent nuclear investments by tech giants Google Amazon and Microsoft during her announcement. But she also tied the push to affordability concerns after a 2021 decision to permanently close a nuclear plant in Westchester County crimped supply. Hochul acknowledged that some residents had questions about safety but expressed confidence in '21st century nuclear design', she said.

New York will build first major new US nuclear power plant in over 15 years
New York will build first major new US nuclear power plant in over 15 years

The Guardian

time23-06-2025

  • Business
  • The Guardian

New York will build first major new US nuclear power plant in over 15 years

Kathy Hochul has announced plans to build a nuclear-power plant in New York, the first major new US plant in over 15 years, and one designed to add to add at least 1GW of nuclear power generation. The governor said in a statement that she had directed the New York Power Authority (NYPA) to develop and construct a zero-emission advanced nuclear power plant in upstate New York to support a reliable and affordable electric grid. 'As New York state electrifies its economy, deactivates aging fossil fuel power generation and continues to attract large manufacturers that create good-paying jobs, we must embrace an energy policy of abundance that centers on energy independence and supply chain security to ensure New York controls its energy future,' Hochul said. The governor described the plan as 'a critical energy initiative' that would complement the construction of renewable energy and the state agency would 'safely and rapidly deploy clean, reliable nuclear power for the benefit of all New Yorkers'. Hochul said that the nuclear plant would add zero-emission baseload power and help to advance New York's goal to achieve a clean energy economy. Renewable energy groups slammed the decision. 'NYPA has the power and mandate to build 15GW of renewables and should not let Trump promises lead New Yorkers away from it. After appointing a Republican to lead NYPA while remaining silent on its mandate to build wind and solar, Hochul's decision to step in based on promises from Donald Trump shows just how unserious she is about New Yorker's energy bills and climate future,' said a statement from the Public Power NY Coalition. It added: 'NYPA should be laser focused on rapidly scaling up their buildout of affordable solar and wind which is the only way to meet the state's science-based climate goals and lower energy bills.' The development will be a test of Donald Trump's executive orders to accelerate nuclear-power development in the US. But a site and reactor design has not been decided. One gigawatt of production is enough energy to power around a million homes. Nuclear plants currently produce about 19% of the country's electricity, down 4% from its 2012 peak. It is expected to decline further, though big technology companies have recently licensed power from ageing reactors to meet the demands of AI computing centers. Only five new commercial reactors have come online in the US since 1991 and electric utilities companies have forecast the US will need the equivalent of 34 new, full-size nuclear power plants over the next five years to meet power requirements. Last year, Microsoft signed a 20-year purchase agreement with the private generator Constellation that will see one of the reactors at Three Mile Island in Pennslyvannia restarted. Amazon signed a deal to purchase nuclear-generated power from the Susquehanna nuclear power plant, also in Pennsylvania, to supply data centers. Separately, Google announced a deal to purchase nuclear energy from small modular reactors (SMRs) and Amazonsaid it had signed agreements to invest in four SMRs in Washington state to power data centers in Oregon. Oracle is designing an AI data center to be powered by three SMRs. Given its geography, water supply and proximity of IBM and university tech research centers, Hochul is supporting plans to develop upstate New York into a tech center akin to Silicon Valley. But the state retired the Indian Point nuclear plant 40 miles from Manhattan in 2021 in part due to environmental concerns and because the hijacker-pilots of the 9/11 attacks on the World Trade center used the twin reactor's domes along the Hudson river as sign posts. As one consequence of the closure, New York had to burn more fossil fuels, raising greenhouse-gas emissions even as local and state legislatures demanded a reaction. 'There was no Plan B,' Hochul told the Wall Street Journal on Monday. Trump's order to speed up regulatory approval of new nuclear power production could jump-start an industry that's been in decline for three decades because of safety concerns, cost overruns and an unfavorable political environment. But environmental groups have warned that the push for nuclear could also reduce regulatory controls related to health and safety. Earlier this month, the US Environmental Protection Agency (EPA) unveiled a plan that would repeal a landmark climate rule that aims to mostly eliminate greenhouse gases from power plants by the 2030s. Hochul told the outlet that she suggested to Trump that Elon Musk's 'department of government efficiency' should turn its attention to streamlining regulatory approval at the Nuclear Regulatory Commission. 'Why does it take a decade?' she said. 'That's why no one is doing it; the barriers are too high.'

New York State wants more nuclear power in a big way
New York State wants more nuclear power in a big way

Yahoo

time23-06-2025

  • Business
  • Yahoo

New York State wants more nuclear power in a big way

New York governor Kathy Hochul announced Monday that her state will host a large new nuclear power plant designed to generate at least 1 gigawatt of electricity. 'If you take nuclear off the table, you have to burn more fossil fuels,' Hochul said at a press conference. 'That's not going to work for us here in New York.' The governor is directing the New York Power Authority (NYPA), which owns and operates two dozen power plants — mostly dams and gas turbines — to develop the new facility. The plans are still in their infancy: NYPA, a state government entity, has yet to pick a location or a design. Hochul said the state will work with private partners to develop the power plant and will finance construction while buying the power it generates. Among the sites under consideration are three nuclear plants currently operating in upstate New York, according to the Wall Street Journal. All of them are owned by Constellation Energy, which has been wooing tech companies to purchase output from its nuclear portfolio. Microsoft and Meta both currently have deals with Constellation: Microsoft is reopening a reactor at Three Mile Island in Pennsylvania in a $1.8 billion project, while Meta is buying the clean energy attributes of the Clinton Clean Energy Center in Illinois in a deal that is reportedly worth billions of dollars. Amazon recently signed a deal with Talen Energy to buy nearly 2 gigawatts of nuclear in Pennsylvania. But the nuclear industry still faces some potential headwinds. No new nuclear power plant has broken ground in the U.S. in over 15 years. The most recent large-scale nuclear power plants in the U.S. have blown through deadlines and exceeded budgets by billions. Small modular reactors, which many startups are pursuing, promise to address those concerns by leveraging mass manufacturing, but the commercial viability of the technology remains untested until a few are built. Hochul said that the success of the project will depend on regulatory and permitting reform at the federal level. Previous large nuclear power plants took years to complete the process. 'The barriers are in Washington,' she said. Nuclear power has received renewed interest as tech companies and data center developers scour the grid for new sources of power. It has also become a rare point of agreement between Democrats and Republicans, suggesting that the nascent nuclear renaissance might refresh the nation's aging nuclear fleet. 'If we don't get on board, it'll pass us by,' Hochul said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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