CHICAGO – In preparation for separation from Exelon (Nasdaq: EXC), Constellation will hold an investor and analyst event today beginning at 7:30 a.m. Central Time, 8:30 a.m. Eastern Time. Management will discuss how Constellation is uniquely positioned to lead the nation’s response to the climate crisis as the largest carbon-free energy producer and leading supplier of energy products and services to residential and business customers, following its separation from Exelon into an independent, publicly traded, Fortune 200 company. The separation is expected to close on February 1.
“No other company is better positioned to accelerate our nation’s rapid transition to a carbon-free energy future, and that will be the primary focus of our strategy going forward,” said Joseph Dominguez, incoming Chief Executive Officer of Constellation. “Key state and federal policymakers and the scientific community all recognize that 24/7, zero-carbon nuclear energy must be part of the solution to the climate crisis. We are taking a national leadership role by providing our customers and communities across the U.S. with carbon-free energy solutions and a long-term foundation for stable, equitable economic and environmental progress that leaves no one behind.”
During the event, Constellation’s management team will provide insights into the new company’s business strategy. Highlights will include Constellation’s:
With by far the lowest carbon intensity of any major power producer, Constellation will be an essential partner in the nation’s rapid decarbonization efforts. Currently 25 states have greenhouse gas targets or clean energy goals, 600 local governments have developed climate action plans, 60 percent of Fortune 500 companies have set clean energy goals, and the U.S. is targeting to reduce its carbon emissions by 50-52 percent by 2030, providing a strong and growing market for Constellation’s carbon-free energy and the solutions that it provides.
With demand for clean energy accelerating, Constellation is exploring growth opportunities that build on its core businesses, including acquiring nuclear plants or other clean energy assets, creating clean hydrogen using its nuclear fleet, growing sustainability products and services for business customers, and leveraging the generation fleet for co-location of data centers and other opportunities. The company already has developed a clean hydrogen pilot project at its Nine Mile Point nuclear plant in upstate New York that could be a model for similar projects elsewhere in its fleet.
Along with sustainability, diversity, equity and inclusion will remain a core value at the new Constellation. The company is focused on attracting, retaining and advancing employees who reflect its customers and communities, while providing a respectful workplace where everyone has an opportunity to achieve their greatest potential. Constellation employees volunteered nearly 53,000 hours in 2020, and the company donated more than $5.6 million for STEM education, scholarships, workforce development and community programs.
2022 Analyst Day Presenters
The Analyst Day will feature presentations from the following incoming Constellation executives in order of their appearance:
The Constellation event will begin at 7:30 a.m. Central Time, 8:30 a.m. Eastern Time. The webcast and associated materials can be accessed here.
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