Constellation Energy Corporation - CEG STOCK NEWS

Exelon Corporation (NASDAQ: EXC) reported first-quarter 2022 results, marking a pivotal moment post-separation from Constellation Energy. The company achieved a GAAP Net Income of $0.49 per share and Adjusted Operating Earnings of $0.64 per share, reflecting a year-over-year increase. Adjusted earnings guidance for 2022 is reaffirmed at $2.18-$2.32 per share. Strong operational performance was noted, particularly in ComEd, which provided record reliability. Recent regulatory activities include distribution rate cases filed by PECO and ComEd, supporting infrastructure investments.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) has declared a quarterly dividend of $0.141 per share on its common stock. This dividend will be payable on June 10, 2022, to shareholders of record as of 5 p.m. ET on May 13, 2022. Constellation is the largest producer of carbon-free energy in the U.S., with a capacity of over 32,400 megawatts and an annual output that is 90% carbon-free. The company aims to eliminate all greenhouse gas emissions by 2040.

The U.S. Department of Energy has awarded a $2.5 million grant to Constellation for research on direct air capture (DAC) technology at its Byron nuclear plant in Northern Illinois. This project aims to remove 250,000 tons of CO2 annually, contributing to climate change mitigation. Constellation's partnerships include industry leaders such as 1PointFive Inc. and Carbon Engineering. The study will explore integrating DAC technology with nuclear operations and assess its potential for carbon sequestration, enhancing Constellation's role in a carbon-free future.

Constellation (Nasdaq: CEG), the largest carbon-free energy producer in America, advises investors to reject a mini-tender offer from TRC Capital Investment Corp. dated April 1, 2022. The offer is to buy up to 2 million shares at a price 4.26% below the current market value. This represents 0.61% of Constellation's outstanding shares. The SEC warns that mini-tender offers may lack investor protections and often come at below-market prices. Constellation encourages shareholders to review current quotes and consult advisors before responding to TRC's offer.

Constellation (NASDAQ: CEG) announces its commitment to National Volunteer Month with over 50 service events planned across 12 states. Employees will collectively contribute nearly 1,000 service hours, engaging in projects such as building homes for low-income families, food distribution, and environmental clean-ups. CEO Joe Dominguez highlighted the importance of community service in enhancing quality of life. In 2021, Constellation volunteers provided more than 62,000 hours of service. As the largest producer of carbon-free energy in the U.S., Constellation aims for 100% greenhouse gas emissions reduction.

Constellation has rebranded its Maryland home services division, previously known as BGE HOME, to Constellation Home, following its separation from Exelon on February 1, 2022. The rebranding includes new logos and colors which will be gradually introduced over the coming months, ensuring continuity for customers. Constellation Home, a top service provider in Maryland, aims to deliver reliable energy solutions, managing energy usage for customers and supporting a transition to carbon-free energy. The company expects to serve up to 1,000 homes daily.

Exelon Corp. (Nasdaq: EXC) announced the retirement of Mayo A. Shattuck III, the board chair since 2012, effective April 26, 2022. His departure follows the successful separation of Exelon's regulated and unregulated businesses into Exelon and Constellation, respectively. The Board is in the process of selecting a new chair from its independent members, with an announcement expected in the 2022 proxy statement. Shattuck expressed pride in Exelon's achievements and emphasized the need for fresh leadership to enhance value for customers and communities.

The Board of Directors of Constellation Energy Corporation has declared a quarterly dividend of $0.141 per share on its common stock. This dividend will be payable on March 10, 2022, to shareholders of record as of 5 p.m. Eastern time on February 25, 2022.

Constellation is the largest producer of carbon-free energy in the U.S., generating over 32,400 megawatts of capacity. The company aims to achieve 100% greenhouse gas emissions elimination by 2040 through enhanced renewable resources.