Constellation Energy Corporation is the nation's largest producer of carbon-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations, and public sector customers across the continental United States. The company's generation fleet includes nuclear, hydro, wind, and solar facilities. Constellation is committed to a clean energy future and offers innovative solutions to meet customer clean energy and climate goals. The company employs approximately 13,871 people and does business in 48 states, the District of Columbia, Canada, and the United Kingdom.

• Employees: 13,871 (as of December 31, 2023)
• Geographic Footprint: 48 states, the District of Columbia, Canada, and the United Kingdom
• Headquarters: Baltimore, Maryland
• Founded: 2022 (as an independent company)
• Number of locations/facilities: Operates 25 nuclear units across 14 nuclear generating stations, and approximately 11 GWs of natural gas, oil, hydroelectric, wind, and solar generation assets
• Revenue: $24.9 billion (FY2023)
• Market Capitalization: $29.4 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Constellation Energy Generation, LLC

• CEO: Joseph Dominguez
• CFO: Daniel L. Eggers
• Executive Vice President and Chief Strategy Officer: Kathleen Barrón
• Executive Vice President and Chief Generation Officer: Bryan C. Hanson
• Executive Vice President and Chief Administration Officer: Michael R. Koehler
• Executive Vice President and Chief Commercial Officer: James McHugh
• Executive Vice President and General Counsel: David Dardis
• Senior Vice President and Controller: Matthew Bauer

The leadership team has extensive experience in the energy sector.

• Annual Revenue: $24.9 billion (FY2023)
• Net Income: $1.6 billion (FY2023)
• Market Cap: $29.4 billion (as of June 30, 2023)
• Total Assets: $50.8 billion (as of December 31, 2023)
• Employees: 13,871 (as of December 31, 2023)
• Key Financial Highlights: Achieved a 94.4% capacity factor across its nuclear fleet in 2023; produced 174 TWhs of zero-emissions electricity in 2023

Constellation provides electricity, natural gas, and other energy-related products and sustainable solutions. Key product and service categories include:

• Power Generation: Operates a diverse fleet of nuclear, hydro, wind, and solar generation facilities.
• Energy Supply: Supplies electricity and natural gas to businesses, homes, community aggregations and public sector customers.
• Energy Solutions: Offers customized solutions targeted to customer's unique power needs and clean energy goals, including renewable, efficiency and digital solutions.

Constellation operates through five reportable segments, representing different geographic regions:

• Mid-Atlantic: 32% of net generation capacity
• Midwest: 35% of net generation capacity
• New York: 9% of net generation capacity
• ERCOT: 14% of net generation capacity
• Other Power Regions: 10% of net generation capacity

Constellation's strategy is built on operational excellence and the pairing of its majority carbon-free energy fleet with its customer-facing platform. Key strategic priorities include:

• Maintaining investment grade credit ratings.
• Optimizing cash returns through disciplined operations and cost management.
• Pursuing growth opportunities that build on core businesses or expand competitive advantages.
• Investing in clean energy and sustainable solutions.
• Reducing GHG emissions and enabling C&I customers through a 100% carbon-free owned generation portfolio by 2040.

Constellation operates in the energy sector, which is undergoing significant changes driven by decarbonization efforts and increasing demand for clean energy. Key market trends include:

• Market Position: The nation's largest producer of carbon-free energy.
• Key Competitors: Other large power generators and energy suppliers.
• Industry Trends: Growing demand for carbon-free energy, increasing electrification of the U.S. economy, and evolving customer preferences for clean energy and digital solutions.

• Market Risks: Exposure to price volatility in wholesale and retail power markets and the procurement of nuclear fuel, natural gas, and oil.
• Operational Risks: Safe and effective operation of nuclear facilities, management of decommissioning obligations, and physical and cybersecurity risks.
• Regulatory Risks: Changes in laws and regulations, including those governing operating licenses, environmental and climate policy, and tax policy.
• Financial Risks: Ability to access capital markets, maintain credit ratings, and meet financial obligations.
• Separation Risks: Risks related to the company's separation from Exelon.