Constellation Repowers Criterion Wind Project and Commits $350 Million to Renewable Energy
Constellation (Nasdaq: CEG) is embarking on a comprehensive effort to enhance the performance and extend the lifespan of its renewable energy portfolio, with the Criterion wind project in Oakland, Md., serving as the latest recipient of these improvements. The initiative involves investing $350 million to increase the output and efficiency of Constellation’s renewable fleet, delivering more carbon-free electricity to the region.
The repowering of the Criterion wind project aims to boost its efficiency, increase power generation, and extend its operational life by 20 years. By implementing these enhancements, Constellation will enable its existing carbon-free wind fleet to generate greater output under similar wind conditions, resulting in an additional 315 megawatts of capacity.
This investment by Constellation aligns with its commitment to lead the nation’s response to the climate crisis and support Maryland’s clean-energy growth initiatives. It also helps to achieve the ambitious environmental goals set forth by the Maryland General Assembly and the Moore administration. Currently, Constellation operates 27 wind projects with a combined capacity of approximately 1,400 megawatts.
Joe Dominguez, President, and CEO of Constellation, emphasized the company’s dedication to carbon-free energy production and its commitment to unlocking even more clean energy through strategic investments. “Our investment strategy will unlock even more clean energy from our existing facilities to help the nation meet its ambitious climate goals,” he stated.
In addition to the substantial investment in Maryland, Constellation has recently made significant announcements regarding its commitment to clean energy. This includes the acquisition of a 44 percent ownership stake in the South Texas Project nuclear plant and intentions to seek license renewal for its Clinton and Dresden nuclear plants in Illinois. Furthermore, Constellation has launched an $800 million uprate project at the Braidwood and Byron nuclear facilities in Illinois. The company has also made advancements in hydrogen production at the nation’s first one-megawatt nuclear-powered clean hydrogen facility in upstate New York. Additionally, Constellation achieved an industry record for blending high concentrations of hydrogen with natural gas to reduce emissions at its Hillabee Generating Station in Alabama.
Through these strategic investments and initiatives, Constellation solidifies its position as a leader in carbon-free energy production and remains dedicated to driving the transition to a sustainable and clean energy future.
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Jay Ferguson
Who I Am
My name is Jay Ferguson, and I am a lifelong resident of the Deep Creek Lake area. I am also co-owner of the real estate side of Taylor Made. I have been in the real estate business for 21+ years now and I LOVE what I do! I have to say, my career really took off when I co-founded the real estate side of Taylor Made in 2014. Its been an amazing experience, building a real estate company from the ground up and achieving so much so quickly! In August 2016, we purchased Long & Foster Real Estate Deep Creek, where I had started my career in 2000. In 2018, we on-boarded virtually every agent from Coldwell Banker Deep Creek Realty as they closed up shop and the real estate family grew even more! We now have over 40 sales agents and have expanded to West Virginia and Pennsylvania, as well. Taylor Made is the #1 vacation rental company at Deep Creek with over 475 vacation rental homes, and over one hundred thousand yearly visitors. Its amazing what we have accomplished using the principles of honesty, teamwork and customer service!
Personally, my wife Jessica and I enjoy traveling and especially spending time in the outdoors, hiking and exploring the many diverse areas that Garrett County is naturally blessed with. We have raised two wonderful children here, Kayleah (22) and Noah (13). In the summer, we love spending time on the water with friends & family and enjoying the lake life! We are both active in our church, our community & local school activities, and we fill our schedule with plenty of volunteer efforts. I currently serve on the board of directors for Habitat for Humanity. I am proud to say that I was named Deep Creek Time’s Favorite ‘Community Champion’ in 2019. I was also named Garrett County Realtor of the Year in 2018-19, as well.
I really enjoy promoting my hometown. I am very proud of the resort area that has developed over my lifetime and look forward to growing the area even more! Deep Creek Lake has been described as ‘The Lake Tahoe of the east', and I think that speaks volumes about the potential to own property here! Deep Creek Lake isn't really a town or city by itself; it's comprised of three towns: Oakland, Swanton & McHenry, Maryland. I am very passionate about my hometown and am impressed with how many people know about it as we travel around the country. Deep Creek Lake is an amazing place to visit and even better place to live! During the pandemic in 2020, our market exploded and more and more people left their primary residence in the city to live here permanently. With distance learning in schools and tele-commuting becoming the ‘norm’, many more people were drawn to the area to ‘live where they love to play’.
Why You Want Me Working for You: In addition to being an owner, I am consistently one of the top-producing agents in the entire area and the Associate Broker of record for Taylor-Made Deep Creek Vacations & Sales. I have 21+ years of experience and I am a problem solver. There aren’t many situations that I have not encountered and I have a strategy for almost every scenario that you may encounter. I
have extensively trained in all areas of real estate & emerging technologies, and also have trained as an appraiser, as well as served as a full-time Broker. I have a strong knowledge of the industry, as well as many trusted local contacts & affiliations that allow me to perform at a very high level and deliver results. I have a great deal of respect for my peers in this industry and have strong working relationships that I would love to put to work for you.
Call me to discuss your situation - I know I can be of great service to you & others you care about!
Honesty. Integrity. Results.
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