Richard Wagner Theatre") was laid. Wagner initially announced the first Bayreuth Festival, at which for the first time the "Ring" cycle would be presented complete, for 1873, but since Ludwig had declined to finance the project, the start of building was delayed and the proposed date for the festival was deferred. To raise funds for the construction, "Wagner societies" were formed in several cities, and Wagner began touring Germany conducting concerts. By the spring of 1873, only a third of the required funds had been raised; further pleas to Ludwig were initially ignored, but early in 1874, with the project on the
Herbert A. Wagner Generating Station through 1942. Wagner also held a patent on a self-starting, single-phase motor and founded in 1891 the Wagner Electric Manufacturing Company in St. Louis, Missouri. The plant was originally constructed by a predecessor company of Constellation Energy, which was later purchased by Exelon in 2012. On August 9, 2012, Exelon announced that it had reached an agreement, subject to regulatory approvals, for the sale of the Charles P. Crane, Brandon Shores, and Herbert A. Wagner Generating Stations to Raven Power Holdings LLC, a newly formed portfolio company of Riverstone Holdings LLC, for approximately $400 million. Exelon had committed to divest