Articles from Constellation Energy Corporation

Constellation (Nasdaq: CEG) and Calpine Corp. today announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion, composed of 50 million shares of Constellation stock and $4.5 billion in cash plus the assumption of approximately $12.7 billion of Calpine net debt. After accounting for cash that is expected to be generated by Calpine between signing and the expected closing date, as well as the value of tax attributes at Calpine, the net purchase price is $26.6 billion, reflecting an attractive acquisition multiple of 7.9x 2026 EV/EBITDA.

Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the third quarter of 2024.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.3525 per share on Constellation’s common stock. The dividend is payable on Dec. 6, 2024, to shareholders of record as of 5 p.m. Eastern time on Nov. 15, 2024.

Constellation (Nasdaq: CEG), the nation’s largest producer of emissions-free energy and a leading supplier of energy products and services, announced today $1 million in grant funding through the Constellation Foundation to support 35 conservation projects as part of the company’s commitment to creating cleaner, healthier environments in the communities it serves.

Constellation (Nasdaq: CEG) announced today the signing of a 20-year power purchase agreement with Microsoft that will pave the way for the launch of the Crane Clean Energy Center (CCEC) and restart of Three Mile Island Unit 1, which operated at industry-leading levels of safety and reliability for decades before being shut down for economic reasons exactly five years ago today. Under the agreement, Microsoft will purchase energy from the renewed plant as part of its goal to help match the power its data centers in PJM use with carbon-free energy.

Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the second quarter of 2024.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy and a leading supplier of energy products and services, announced today it is now accepting applications for its 2024 E2 Energy to Educate grant program, which provides funding for student projects focusing on energy innovation. Educators and students in grades six through 12 can apply for program grants of up to $25,000, and those in two- and four-year colleges can apply for grants of up to $50,000. The deadline for applications is Oct. 1, 2024.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.3525 per share on Constellation’s common stock. The dividend is payable on Sept. 6, 2024, to shareholders of record as of 5 p.m. Eastern time on Aug. 12, 2024.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, released its 2024 Sustainability Report today, highlighting the company’s sustainable business strategy focused on accelerating the nation’s transition to a carbon-free energy future, responding to the climate crisis and delivering long-term value for customers, communities, employees and shareholders. The report details key progress in the company’s work to lead the clean energy transition by providing the most important commodity in the world today – energy that is emissions-free and always on. The report also details Constellation’s efforts to support the sustainability goals of customers seeking to reduce their own carbon footprints, as well as initiatives to strengthen and support local communities, particularly those historically underserved, to ensure the benefits of clean, reliable and affordable energy are shared by all.

Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the first quarter of 2024.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.3525 per share on Constellation’s common stock. The dividend is payable on June 10, 2024, to shareholders of record as of 5 p.m. Eastern time on May 29, 2024.

Constellation, the nation’s largest producer of reliable, carbon-free energy, has filed a subsequent license renewal application with the Nuclear Regulatory Commission (NRC) for its Dresden Clean Energy Center in Morris, Ill., another in a series of investments the company is making to add clean, firm energy to the grid, help address the climate crisis and support the regional economy. The facility’s license was first renewed by the NRC in 2004.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, today issued the first corporate green bond in the United States that can be used to finance nuclear energy projects. Constellation will use proceeds from the $900 million, 30-year term offering for investments such as maintenance, expansion and life extensions of its clean, reliable nuclear power generation that reduce or avoid carbon emissions or provide other environmental benefits.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, ranked ninth in Barron’s seventh annual “100 Most Sustainable Companies” list, which measures the largest 1,000 publicly traded U.S. companies using 230 environmental, social and governance criteria ranging from workplace diversity to greenhouse-gas emissions. Constellation, making its debut on the list this year, achieved the highest score of any energy company. Barron’s worked with Calvert Research and Management, a leader in responsible investing, to compile the rankings.

Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the fourth quarter and full year 2023.

Constellation, the nation’s largest producer of carbon-free energy, has filed a license renewal application with the Nuclear Regulatory Commission (NRC) for its Clinton Clean Energy Center in Clinton, Ill., marking the latest in a series of investments the company is making to help address the climate crisis and support the regional economy. The filing begins a comprehensive review by the NRC to renew the station’s license, which would allow it to continue providing carbon-free energy to the region for another 20 years with adequate market or policy support. Clinton, which produces enough baseload, carbon-free electricity to power the equivalent of 800,000 homes, is currently licensed to operate through April of 2027. Illinois would need to site more than 1,000 new wind turbines to generate the same amount of electricity that Clinton will be able to provide under an extended license.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, announced it contributed $18.7 million in combined philanthropic giving in support of more than 4,400 charities in 2023. The figure represents a nearly 50% increase from the $12.5 million Constellation and its employees contributed in 2022, Constellation’s first year as a standalone company.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, has received the Community Partnership Award from The Center for Energy Workforce Development (CEWD) for its work in building a skilled energy workforce that represents the diverse communities it serves. The award recognizes Constellation’s multi-faceted efforts to establish lasting and impactful relationships with the local community — including educators, minority facing organizations, workforce development nonprofits and others — to fuel the energy talent pipeline. CEWD is a non-profit consortium of electric, natural gas, nuclear and renewable energy companies, and their associations, committed to the development of a skilled, diverse energy workforce.

For the 10th consecutive year, Constellation (Nasdaq: CEG) is the nation’s largest producer of clean, carbon-free energy and boasts the lowest rate of carbon dioxide emissions among the 20 largest private, investor-owned power producers in the United States, according to an independent analysis based on publicly reported 2021 air emissions data.

Constellation (Nasdaq: CEG), the nation’s largest producer of clean, carbon-free energy, awarded more than $500,000 in Energy to Educate (E2) grants for hands-on student projects. The grant program will enable nearly 25,000 students from middle school to college to pursue STEM- and energy-related projects and supports the company’s focus on advancing workforce development, equity and education by encouraging young people from diverse backgrounds to become involved in the clean energy transition.

Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the third quarter of 2023.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy and a leading supplier of energy products and services, announced today it has been Certified™ by Great Place To Work®. The designation is based on how employees rate their experience working at Constellation. In a survey of about 5,000 Constellation employees, 81 percent of those who responded said it is a great place to work – about 24 points higher than the average U.S. company.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy and the third largest energy producer overall, will file comments with the U.S. Environmental Protection Agency (EPA) tomorrow offering strong support for the agency’s recently proposed guidelines for reducing carbon emissions from fossil power plants. In the comments, Constellation offers suggestions to further improve the guidelines and presents a contrary view to major electric producers who have rejected EPA’s efforts to address the industry’s emissions.

Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the second quarter of 2023.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.282 per share on Constellation’s common stock. The dividend is payable on Sept. 8, 2023, to shareholders of record as of 5 p.m. Eastern time on Aug. 14, 2023.

Constellation (Nasdaq: CEG), the largest producer of carbon-free energy in the U.S., is contributing $250,000 to HIRE360 as part of a program to increase employment and training opportunities in the building trades for women and people of color in the Chicago area. The partnership, an expansion of Constellation’s $1 million Powering Change workforce development initiative, will help HIRE360 launch a program to train people in historically underserved communities for family-sustaining union jobs in the building trades.

Constellation (Nasdaq: CEG) is improving the efficiency and increasing the output of its Criterion wind project in Oakland, Md., and extending the life of the facility for 20 years, a move that will deliver more carbon-free electricity to the region and launch a $350 million effort to increase the output and lifespan of the company’s renewable energy portfolio. Over the course of this fleetwide project, Constellation’s repowering efforts will enable 315 megawatts of its existing carbon-free wind fleet to generate greater output at the same wind conditions.

Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the first quarter of 2023.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.282 per share on Constellation’s common stock. The dividend is payable on June 9, 2023, to shareholders of record as of 5 p.m. Eastern time on May 12, 2023.

Hydrogen production has commenced at the nation’s first 1 MW demonstration scale, nuclear-powered clean hydrogen production facility at Constellation’s Nine Mile Point Nuclear Plant in Oswego, New York, an advancement that will help demonstrate the potential for hydrogen to power a clean economy.

Nuclear plants operated by Constellation (Nasdaq: CEG) performed at 100 percent capacity and proved instrumental in preventing rolling blackouts for millions of homes and businesses during a powerful winter storm that knocked nearly a quarter of the power generation in the nation’s largest energy grid offline on Christmas Eve. PJM, the grid operator for 13 states and the District of Columbia, said generators that failed to perform during Winter Storm Elliott face penalties totaling as much as $2 billion, a record amount that raises questions about whether generators are taking sufficient steps to make their resources reliable in a changing climate. PJM began notifying generators of their potential penalties this past week.

Constellation (Nasdaq: CEG), the largest producer of carbon-free energy in the U.S., said today it will invest $800 million in new equipment to increase the output of its Braidwood and Byron Generating Stations in Illinois by approximately 135 megawatts, enough to power the equivalent of 100,000 average homes around the clock every year. The additional always-on, carbon-free power generated will result in the equivalent of removing 171,000 gas-powered vehicles from the road per year, or the equivalent of adding 216 intermittent wind turbines to the grid, using Environmental Protection Agency data.

Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the fourth quarter and full year 2022.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy and a leading competitive retail supplier, applauds today’s announcement by PJM―the nation’s largest grid operator serving 13 states and the District of Columbia―to provide hourly time-stamped carbon-free energy certificates. This new capability will make it even easier for customers―including producers of clean hydrogen―to demonstrate that the energy they are using is carbon free every hour of the day. It also enhances Constellation’s groundbreaking Hourly Carbon-Free Energy Matching product which matches a customer’s electricity needs with regional, clean, carbon-free energy 24 hours a day, seven days a week, 365 days a year. Customers who choose this product will now have a transparent and independent way to certify that they are meeting their clean energy goals.

Constellation and its union partners have signed a historic pledge to increase diversity in the building trades among populations that have not historically worked in the energy industry.

In celebration of its first anniversary as a stand-alone company on Feb. 2, Constellation (NASDAQCEG), the nation’s largest producer of carbon-free energy, announced today it is launching a $1 million workforce development program as part of its commitment to foster equitable change in underserved communities. The new program, called Powering Change, will provide grants to five nonprofit organizations focused on improving job awareness and training, providing advancement and upskilling opportunities and breaking down employment barriers for individuals from underrepresented communities.

Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the third quarter of 2022.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.141 per share on Constellation’s common stock. The dividend is payable on Friday, Dec. 9, 2022, to shareholders of record as of 5 p.m. Eastern time on Tuesday, Nov. 15, 2022.

Constellation, the nation’s largest producer of carbon-free energy, said today it will ask the Nuclear Regulatory Commission (NRC) to extend the operating licenses of its Clinton and Dresden nuclear power plants in Illinois by an additional 20 years. The extension means the two plants will contribute billions of additional dollars to Illinois’ economy and continue providing enough carbon-free energy to power the equivalent of more than 2 million homes, helping the state meet its goal to get 100 percent of its energy from clean sources by 2050. If approved by the NRC, Clinton could operate until 2047 and Dresden could operate until 2049 (Unit 2) and 2051 (Unit 3).

Constellation announced today the election of Nneka L. Rimmer to its Board of Directors effective Nov. 1, 2022. Rimmer, 51, most recently served as president, Global Flavors & Extracts, for McCormick & Company, Inc., a global leader that manufactures, markets and distributes spices, seasoning mixes, condiments and other products to the food industry. Prior to her retirement in 2021, Rimmer drove industry-leading growth as a member of McCormick’s six-person executive team.

Leaders from the U.S. Department of Energy (DOE), the New York State Energy Research and Development Authority (NYSERDA), and the New York State Public Service Commission (PSC) joined Constellation leaders and employees at Nine Mile Point today to celebrate progress on the nation’s first nuclear-powered clean hydrogen production facility that will begin production by the end of the year.

Fierce storms, 1,000-year floods and blazing heat dominated national weather patterns this summer, but customers of Constellation nuclear plants from the East Coast to the Midwest enjoyed some of the nation’s highest levels of generation reliability. Led by 12 carbon-free nuclear plants operating 24/7 and delivering clean energy to millions of homes from the mid-Atlantic and Northeast regions westward to Illinois, the grid experienced no electricity supply constraints.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, has by far the lowest rate of carbon dioxide emissions among the 20 largest investor-owned power producers in the United States, according to an independent analysis based on publicly reported air emissions.

Constellation (NASDAQCEG), the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services, today released its first sustainability report, highlighting its efforts to accelerate the transition to a carbon-free future, mitigate the climate crisis and support energy equity and environmental justice.

Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the second quarter of 2022.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.141 per share on Constellation’s common stock. The dividend is payable on Friday, Sept. 9, 2022, to shareholders of record as of 5 p.m. Eastern time on Monday, Aug. 15, 2022.

In an address to energy and climate leaders today, Constellation CEO Joe Dominguez said nuclear energy will play a central role in accelerating the transition to a clean-energy economy by providing a foundation of secure, carbon-free energy to the grid and enabling new technologies, such as clean hydrogen to power difficult-to-decarbonize industries and direct air capture (DAC) systems, which remove carbon dioxide from the atmosphere. Nuclear energy’s unique ability to provide reliable, 24/7 clean energy also is critical to enhancing our nation’s energy security and grid reliability as global energy markets grapple with the devastating war in Ukraine and other challenges, he said.

Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the first quarter of 2022.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.141 per share on Constellation’s common stock. The dividend is payable on Friday, June 10, 2022, to shareholders of record as of 5 p.m. Eastern time on Friday, May 13, 2022.

The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.141 per share on Constellation’s common stock. The dividend is payable on Thursday, March 10, 2022, to shareholders of record as of 5 p.m. Eastern time on Friday, Feb. 25, 2022.