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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move that strengthens its position as a key player in the U.S. energy transition, Constellation Energy announced that its entire fleet cleared the PJM 2028-2029 capacity auction. The company secured contracts for a total of 18,875 MW, comprising 15,700 MW of nuclear generation and 3,175 MW of fossil fuel units. These results ensure predictable revenue streams starting June 1, 2028, and support the framework for the federal Production Tax Credit (PTC) for its nuclear operations.
This auction success comes as utilities face surging demand driven by data centers, with Constellation competing alongside peers like Vistra Corp and Public Service Enterprise Group for long-term reliability contracts. Per market data, PJM capacity prices have trended significantly higher in recent cycles due to tightening supply-demand balances. Goldman Sachs analysts recently noted that the scarcity of carbon-free, baseload power provides nuclear operators with a distinct pricing advantage in these regional auctions.
Regarding market performance, CEG stock stood at $257.57 (at close July 13, 2026), trading within a daily range of $250.51 to $257.59. Investors are now looking toward the FOMC Minutes scheduled for July 8, 2026, for insights into interest rate trajectories affecting capital-intensive utility projects, as well as the EIA Weekly Petroleum Report on the same day for broader energy sector sentiment.