Welcome to our dedicated page for CONSTELLATION ENERGY news (Ticker: CEG), a resource for investors and traders seeking the latest updates and insights on CONSTELLATION ENERGY stock.
Constellation Energy Corp (CEG) delivers carbon-free energy through one of America's largest nuclear fleets and a growing portfolio of renewable assets. This news hub provides investors and stakeholders with essential updates on operational developments, regulatory milestones, and strategic initiatives shaping the clean energy transition.
Track official press releases, financial announcements, and market analyses related to CEG's nuclear operations, wind/solar expansions, and energy innovation projects. Our curated feed ensures timely access to material disclosures including:
• Quarterly earnings and financial performance
• Regulatory updates and policy impacts
• Renewable energy project announcements
• Strategic partnerships and technology investments
Bookmark this page for direct access to primary source materials from Constellation Energy, complemented by contextual reporting on its role in advancing reliable, sustainable power generation across key U.S. markets.
Constellation Energy (CEG) reports ahead-of-schedule progress on its Three Mile Island Unit 1 restart project, now named the Crane Clean Energy Center. The project, backed by a power purchase agreement with Microsoft, will restore 835 megawatts of carbon-free energy to Pennsylvania's grid.
Key achievements include: hiring over 200 full-time employees with plans to reach 600+ before restart; completing main office building restoration; advancing equipment inspections of steam generator, turbines, and other critical components; and ordering three new main power transformers with a $35 million investment.
An independent study projects the restart will create 3,400 direct and indirect jobs, contribute $16 billion to state GDP, and generate over $3 billion in state and federal taxes. The company has committed to donating more than $1 million over five years to support local community initiatives.
Constellation Energy (CEG) reported strong financial results for Q4 and full year 2024. The company achieved GAAP Net Income of $2.71 per share and Adjusted Operating Earnings of $2.44 per share for Q4, while full-year figures reached $11.89 and $8.67 per share respectively, exceeding guidance.
Key developments include entering a definitive agreement to acquire Calpine in a cash and stock transaction worth $4.5 billion plus 50 million shares, completing $1 billion in share repurchases, and securing a credit rating upgrade from Moody's to Baa1. The company increased its dividend by 25% and plans another 10% growth in 2025.
Constellation affirmed its 2025 guidance range of $8.90-$9.60 per share and maintained strong operational performance with a 94.6% nuclear operating capacity factor for 2024. The company remains the largest producer of emissions-free energy in the U.S. for the 11th consecutive year.
Constellation (CEG) and the New York State Energy Research and Development Authority (NYSERDA) have partnered on a grant proposal to the U.S. Department of Energy to support obtaining an early site permit for advanced nuclear reactors at the Nine Mile Point Clean Energy Center in Oswego, New York.
The initiative aligns with Governor Hochul's 2025 State of the State address, which calls for a master plan for responsible advanced nuclear development in New York. Currently, nuclear energy produces more than 20% of New York's energy, with Constellation's three upstate facilities generating nearly half of the state's clean electricity.
NYSERDA's cost share funding represents a important step in evaluating the feasibility of new nuclear development in New York. If approved, the DOE funding would support pursuing an early site permit at Nine Mile Point, valid for 10-20 years. The DOE's decision on awardees is expected in early summer. Additionally, New York will lead a multi-state Consortium on Nuclear Energy focused on cost reduction and risk-sharing.
Constellation (CEG) has announced the acquisition of Calpine Corp. in a cash and stock transaction valued at $16.4 billion, consisting of 50 million Constellation shares and $4.5 billion in cash, plus assuming $12.7 billion in Calpine net debt. The net purchase price is $26.6 billion, representing a 7.9x 2026 EV/EBITDA multiple.
The merger creates America's largest clean energy provider, combining Constellation's nuclear fleet with Calpine's natural gas and geothermal operations. The combined entity will have nearly 60 gigawatts of capacity from zero- and low-emission sources, becoming the nation's leading competitive retail electric supplier serving 2.5 million customers.
The transaction is expected to close within 12 months and will be immediately accretive, with over 20% adjusted EPS accretion in 2026 and adding more than $2 billion in annual free cash flow. Calpine's significant shareholders have agreed to an 18-month lock-up period for their Constellation stock ownership.
Constellation (Nasdaq: CEG), America's largest carbon-free energy producer, responded to the U.S. Treasury Department's final decision regarding clean hydrogen production tax credits under Section 45V of the Inflation Reduction Act. The Treasury reversed its previous stance, now allowing existing nuclear plants powering clean hydrogen production to qualify for federal tax credits.
CEO Joe Dominguez welcomed the decision, highlighting its importance for customers transitioning to clean hydrogen and sustainable technologies. He referenced a recent 10-year agreement with the U.S. General Services Administration for clean nuclear power as evidence of increasing demand for nuclear energy solutions.
While viewing the final rule as progress, Constellation noted concerns about incrementality limits. The company is currently evaluating how the final rules and new electric transmission charges might affect its proposed clean hydrogen project at the LaSalle Clean Energy Center and its role in the MachH2 Hub.
Constellation (CEG) has secured contracts worth over $1 billion from the U.S. General Services Administration (GSA). The deal includes a record-breaking 10-year, $840 million contract to supply more than 1 million MWh annually of clean energy to 13+ government agencies starting 2025. Additionally, a $172 million Energy Savings Performance Contract was awarded for implementing energy conservation measures at five GSA facilities in the National Capital Region.
The power supply will partially come from planned nuclear plant uprates. The energy efficiency project includes LED lighting, weatherization, HVAC upgrades, and converting four DC buildings from steam to electric power. The construction will span approximately 42 months, starting this month.
The energy will be supplied to various federal agencies across Illinois, Maryland, New Jersey, Pennsylvania, and Ohio. Combined with the previously announced Crane restart, Constellation plans to add approximately 1,100 MWs of clean energy capacity by 2028.
Constellation Energy (NASDAQ: CEG) has launched America's first residential nuclear energy program in Washington, D.C., allowing households to power their homes with 100% clean nuclear energy. The pilot program offers electricity at 11.99 cents per kilowatt-hour, lower than current local utility rates.
Customers can participate by signing up through Constellation's website, continuing to receive electricity through existing utility infrastructure. The company matches 100% of customer usage with Emission Free Energy Certificates (EFECs) generated at Constellation's nuclear facilities in PJM. The company plans to expand the pilot to additional markets in 2025.
Constellation's nuclear facilities achieved 94.4% capacity factors in 2023, with their clean generation fleet avoiding 125 million metric tons of carbon emissions annually. The company's combined nuclear, hydro, wind, and solar facilities can power approximately 16 million homes.
Constellation (Nasdaq: CEG), the nation's largest producer of emissions-free energy, announced changes to its board of directors. Peter Oppenheimer and Eileen Paterson will join the board effective December 16, 2024, while Laurie Brlas will retire on December 31.
Oppenheimer, currently serving on Goldman Sachs' board and former Apple CFO (2004-2014), brings significant financial expertise. Paterson, former CEO of Aerojet Rocketdyne and U.S. Army veteran, serves on boards of Marathon Petroleum and Woodward, Inc., contributing operational and leadership experience.
Brlas concludes her tenure after providing 16 years of financial leadership experience and chairing Constellation's Audit & Risk Committee since its inception following the 2022 spinoff.
Constellation Energy reported strong Q3 2024 results with GAAP Net Income of $3.82 per share and Adjusted Operating Earnings of $2.74 per share, up from $2.13 in Q3 2023. The company raised its full-year 2024 guidance to $8.00-$8.40 per share. A significant highlight includes signing a 20-year power purchase agreement with Microsoft to support the Crane Clean Energy Center, requiring approximately $1.6 billion in capital expenditures with an estimated 2028 in-service date. The nuclear fleet produced 45,510 GWhs in Q3 2024, achieving a 95.0% capacity factor, while maintaining strong operational performance across its generation portfolio.
Constellation Energy (Nasdaq: CEG) has declared a quarterly dividend of $0.3525 per share, payable on Dec. 6, 2024, to shareholders of record as of Nov. 15, 2024. The company is the nation's largest producer of clean, emissions-free energy, with annual output that is nearly 90% carbon-free. Their facilities, including hydro, wind, solar, and nuclear, can power approximately 16 million homes, providing about 10% of the nation's clean energy. Constellation aims to achieve 100% carbon-free generation by 2040.
