Associated tags: Constellation, Wind, Carbon, CEG, Energy, Utilities, Alternative Energy, Renewable energy, Nuclear, Other Energy, Environment, Electricity
Locations: DRESDEN, CANADA, SALEM, CHICAGO, RHODE ISLAND, MICHIGAN, VIRGINIA, AMERICAS, UNITED STATES, NORTH AMERICA, ILLINOIS, MARYLAND, NO, BALTIMORE, BRAIDWOOD, WASHINGTON
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Renewable energy Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the first quarter of 2024.
Key Points:
- Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the first quarter of 2024.
- Adjusted (non-GAAP) Operating Earnings for the first quarter of 2024 increased to $1.82 per share from $0.78 per share in the first quarter of 2023.
- There were 10 non-refueling outage days in the first quarter of 2024 and 9 in the first quarter of 2023 for sites we operate.
- Renewable energy capture for our fleet was 96.3% in the first quarter of 2024, compared with 96.6% in the first quarter of 2023.
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.
Key Points:
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.
Retrieved on:
Wednesday, April 17, 2024
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Renewable energy This is more clean energy than all of Illinois’ wind and solar facilities have produced to date.
Key Points:
- This is more clean energy than all of Illinois’ wind and solar facilities have produced to date.
- Nuclear energy plants are the only carbon-free, baseload energy resources that can operate 24/7 in all weather conditions.
- “Constellation’s Dresden Clean Energy Center is an economic engine for Grundy County and the surrounding communities,” said Nancy Norton, president and CEO of Grundy County Economic Development.
- In February, Constellation announced it is seeking license renewal for its Clinton Clean Energy Center in Central Illinois.
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Renewable energy Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward.
Key Points:
- Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward.
- The largest producer of carbon-free energy in the U.S., Constellation has exceeded financial expectations since launching as an independent company two years ago.
- As a result, major technology companies and other industries are looking to Constellation to help power their operations with clean energy.
- The company’s financial performance also has enabled it to increase its support for the communities it serves.
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Renewable energy 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.
Key Points:
- 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.
- “With the nation’s first-ever corporate nuclear green bond issuance as part of our long-term financing mix, Constellation and the market have again confirmed: Nuclear investments are long-term sustainability investments.”
The nuclear green bond offering was based on a new green financing framework that Constellation developed to enable the company to issue green financial instruments.
- Crédit Agricole CIB, the corporate and investment banking arm of Crédit Agricole Group, served as Green Structuring agent in Constellation's nuclear green bond offering.
- “Our bank is pleased to have supported Constellation on the first-ever U.S. corporate green bond with proceeds allocated towards nuclear energy.
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Renewable energy 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.
Key Points:
- 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 delivered significant community impact on 2023, contributing $18.7 million in combined philanthropic giving in support of more than 4,400 charities nationwide.
Retrieved on:
Tuesday, February 27, 2024
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Renewable energy Our GAAP Net Loss for the fourth quarter of 2023 was ($36) million, down from $34 million GAAP Net Income in the fourth quarter of 2022.
Key Points:
- Our GAAP Net Loss for the fourth quarter of 2023 was ($36) million, down from $34 million GAAP Net Income in the fourth quarter of 2022.
- Adjusted EBITDA (non-GAAP) for the fourth quarter of 2023 increased to $1,137 million from $605 million in the fourth quarter of 2022.
- There were seven non-refueling outage days in the fourth quarter of 2023 and three in the fourth quarter of 2022.
- Energy capture for the wind and solar fleet was 96.3% in the fourth quarter of 2023, compared with 96.7%1 in the fourth quarter of 2022.
Retrieved on:
Tuesday, February 27, 2024
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Renewable energy “State and federal policies, bipartisan political support, public opinion surveys and increased customer demand for reliable and clean energy all point to strong and growing support for nuclear energy to power our economy for decades to come.
Key Points:
- “State and federal policies, bipartisan political support, public opinion surveys and increased customer demand for reliable and clean energy all point to strong and growing support for nuclear energy to power our economy for decades to come.
- The PTC provides revenue visibility and also preserves Constellation’s ability to capture upside from tightening power market conditions.
- The nation’s top technology firms have set goals to power this growth with clean and dependable energy.
- Growing recognition of nuclear energy as a reliable clean energy resource creates opportunities for Constellation to forge new customer relationships and capture additional value from our 180 million MWh of annual clean energy output.
Retrieved on:
Thursday, February 15, 2024
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Renewable energy 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.
Key Points:
- 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.
- View the full release here: https://www.businesswire.com/news/home/20240214721848/en/
Constellation has filed a license renewal application with the Nuclear Regulatory Commission for its Clinton Clean Energy Center in Clinton, Ill.
- Nuclear energy plants are the only carbon-free energy resources that can operate 24/7 in all weather conditions.
- Renewing the license of Clinton would provide the State of Illinois an estimated 179 terawatt hours of additional carbon-free electricity over the 20-year extended lifespan of the license.
Retrieved on:
Thursday, February 8, 2024
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Education Constellation’s Corporate and Foundation giving totaled $13.6 million while its 13,000 employees accounted for the remaining charitable funding, providing $5.1 million in philanthropic support.
Key Points:
- Constellation’s Corporate and Foundation giving totaled $13.6 million while its 13,000 employees accounted for the remaining charitable funding, providing $5.1 million in philanthropic support.
- Employees also logged more than 102,000 volunteer service hours in support of various community causes.
- The Foundation supports causes that are aligned with the company’s giving pillars of Climate & Environment, Equity & Education and Employing Giving & Volunteerism.
- Additional notes from Constellation’s 2023 giving and volunteerism include:
Company and Foundation giving increased by 70% year-over-year.
