Constellation Energy

Constellation Energy Corporation
Company typePublic
IndustryEnergy
Founded1999; 25 years ago (1999) (spun off from Exelon in 2022)
HeadquartersBaltimore, Maryland, U.S.
Key people
Joseph Dominguez (president and CEO)
Products
RevenueIncrease US$24.92 billion (2023)
Increase US$1.610 billion (2023)
Increase US$1.577 billion (2023)
Total assetsIncrease US$50.76 billion (2023)
Total equityDecrease US$10.93 billion (2023)
Number of employees
13,871 (2023)
Websiteconstellationenergy.com
Footnotes / references
[1]
Calvert Cliffs Nuclear Power Plant in Calvert County's Lusby, Maryland

Constellation Energy Corporation is an American energy company headquartered in Baltimore, Maryland. The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States.[2]

The company was known as Constellation Energy Group (former NYSE ticker symbol CEG), a Fortune 500 company and one of the largest electricity producers in the United States, until a merger with Exelon in 2012.[3] When FERC approved the acquisition, Constellation Energy's energy supply business was re-branded as Constellation, an Exelon company. As part of the 2012 merger, Baltimore Gas and Electric, the regulated utility operated by Constellation Energy, became a regulated utility operating under Exelon Utilities.[4] The current iteration of the company was founded in 2022 after splitting off from Exelon.[5]

Before merging with Exelon, Constellation Energy Group operated more than 35 power plants in 11 states (mainly Maryland, Pennsylvania, New York, West Virginia, and California). Baltimore Gas and Electric created Constellation as a holding company in 1999.[6]

  1. ^ "Constellation Energy Corporation 2023 Annual Report". U.S. Securities and Exchange Commission. February 27, 2024.
  2. ^ "ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 : For the Fiscal Year Ended December 31, 2016". Sec.gov. Retrieved 28 December 2018.
  3. ^ "Constellation, Exelon close $7.9B merger". Bizjournals.com. Retrieved 28 December 2018.
  4. ^ "Constellation Exelon Merger". Archived from the original on 2013-10-18. Retrieved 2012-11-06.
  5. ^ Mirabella, Lorraine. "Constellation launches as a Baltimore-based public energy firm after splitting from BGE owner Exelon". baltimoresun.com. Retrieved 2 February 2022.
  6. ^ Bloomberg News (1999-05-01). "COMPANY NEWS; BALTIMORE GAS AND ELECTRIC TO SELL 15 NURSING HOMES". The New York Times. ISSN 0362-4331. Retrieved 2017-01-15.