| CWEN |
Clearway Energy, Inc. |
92%
|
Reciprocal relationship from CWEN graph: The Company, along with certain of its subsidiaries, is a party to the CEG Master Services Agreement, pursuant to which CEG and certain of its affiliates or t… |
| CWEN-A |
Clearway Energy Inc |
92%
|
Reciprocal relationship from CWEN-A graph: Reciprocal relationship from CEG graph: Reciprocal relationship from CWEN-A graph: Reciprocal relationship from CEG graph: Reciprocal relationship from CWEN… |
| CALPINE-ENERGY-SOLUTIONS-LLC |
CALPINE-ENERGY-SOLUTIONS-LLC |
90%
|
The Calpine AR Facility is a receivables purchase agreement between Calpine Energy Solutions, LLC and Calpine Receivables, LLC |
| END-CUSTOMERS |
END-CUSTOMERS |
90%
|
• Load sales to end customers |
| CUSTOMERS |
CUSTOMERS |
85%
|
• Long-term agreements with customers that provide earnings visibility at premium prices |
| PCG-PH |
Pacific Gas and Electric Company |
72%
|
lpine. The transaction is valued at $5.0 billion before closing adjustments and remains subject to customary closing conditions, including receipt of applicable regulatory approvals. Completion of th… |
| PCG-PH |
Pacific Gas and Electric Company |
72%
|
Reciprocal relationship from PCG-PH graph: Reciprocal relationship from CEG graph: Reciprocal relationship from PCG-PH graph: Reciprocal relationship from CEG graph: lpine. The transaction is valued … |
| PEG |
Public Service Enterprise Group Incorporated |
72%
|
Reciprocal relationship from PEG graph: Reciprocal relationship from CEG graph: Reciprocal relationship from PEG graph: Reciprocal relationship from CEG graph: Reciprocal relationship from PEG graph:… |
| PEG |
Public Service Enterprise Group Incorporated |
72%
|
e Act). Yes ☐ No x The number of shares outstanding of each registrant’s common stock as of April 30, 2026 was as follows: Constellation Energy Corporation Common Stock, without par value 361,190,063… |
| XYF |
X Financial |
72%
|
Reciprocal relationship from XYF graph: Reciprocal relationship from CEG graph: Reciprocal relationship from XYF graph: Reciprocal relationship from CEG graph: Reciprocal relationship from XYF graph:… |
| XYF |
X Financial |
72%
|
executing on our future optionality – $3.9B of growth capital in projects at compelling returns – Scale that positions us to potentially bring natural gas, storage capacity and new nuclear uprates to… |
| ADDITIONAL-LONG-TERM-CONTRACTS-CO |
ADDITIONAL-LONG-TERM-CONTRACTS-CO |
62%
|
ry customer segment and evolving needs Deep customer relationships exemplified by high renewal rates Anchoring colocated data centers and new builds with firm nuclear output Pairing data center contr… |
| BLUESTEM-WIND-ENERGY-HOLDINGS-LLC |
BLUESTEM-WIND-ENERGY-HOLDINGS-LLC |
62%
|
Entities As of March 31, 2026 and December 31, 2025, our consolidated VIEs included the following: Consolidated VIE or VIE groups: Reason entity is a VIE: Reason we are the primary beneficiary: CRP -… |
| CALPINE-CONSTRUCTION-FINANCE-COMPANY |
CALPINE-CONSTRUCTION-FINANCE-COMPANY |
62%
|
ices of electricity, natural gas, and other commodities. We use a variety of derivative and non-derivative instruments to manage the commodity price risk of our electric generation facilities, includ… |
| CALPINE-DEVELOPMENT-HOLDINGS |
CALPINE-DEVELOPMENT-HOLDINGS |
62%
|
ber 2030 4 RPG Nonrecourse Debt 4.11 % March 2035 ( 2 ) 2031 Unsecured Notes 5.00 % August 2031 ( 2 ) 2029 Unsecured Notes 4.625 % August 2029 ( 3 ) Antelope Valley DOE Nonrecourse Debt 2.29 % - 3.56… |
| CALPINE-RECEIVABLES-LLC |
CALPINE-RECEIVABLES-LLC |
62%
|
s that absorb variability through fixed pricing. We do not conduct the operational activities. Calpine Receivables, LLC - A bankruptcy remote entity created for the special purpose of purchasing trad… |
| CAPITAL-RESOURCES |
CAPITAL-RESOURCES |
62%
|
price movements resulting from changes in supply and demand, fuel costs, market liquidity, weather conditions, governmental, regulatory and environmental policies, and other factors. To the extent th… |
| CDHI-INTERMEDIATE-HOLDCO-LLC |
CDHI-INTERMEDIATE-HOLDCO-LLC |
62%
|
ices of electricity, natural gas, and other commodities. We use a variety of derivative and non-derivative instruments to manage the commodity price risk of our electric generation facilities, includ… |
| CONSTELLATION-CONSTELLATION-ENERGY-GENERATION-LL |
CONSTELLATION-CONSTELLATION-ENERGY-GENERATION-LL |
62%
|
e Act). Yes ☐ No x The number of shares outstanding of each registrant’s common stock as of April 30, 2026 was as follows: Constellation Energy Corporation Common Stock, without par value 361,190,063… |
| CONSTELLATION-ENERGY-GENERATION-LLC |
CONSTELLATION-ENERGY-GENERATION-LLC |
62%
|
e Act). Yes ☐ No x The number of shares outstanding of each registrant’s common stock as of April 30, 2026 was as follows: Constellation Energy Corporation Common Stock, without par value 361,190,063… |
| EXECUTIVE-OVERVIEW-CONSTELLATION-ENERGY-CORPORAT |
EXECUTIVE-OVERVIEW-CONSTELLATION-ENERGY-CORPORAT |
62%
|
Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Dollars in millions except per share data, unless otherwise noted) Executive Overview Constellation Ener… |
| GEYSERS-POWER-COMPANY |
GEYSERS-POWER-COMPANY |
62%
|
ber 2030 4 RPG Nonrecourse Debt 4.11 % March 2035 ( 2 ) 2031 Unsecured Notes 5.00 % August 2031 ( 2 ) 2029 Unsecured Notes 4.625 % August 2029 ( 3 ) Antelope Valley DOE Nonrecourse Debt 2.29 % - 3.56… |
| GEYSERS-POWER-COMPANY-LLC |
GEYSERS-POWER-COMPANY-LLC |
62%
|
ices of electricity, natural gas, and other commodities. We use a variety of derivative and non-derivative instruments to manage the commodity price risk of our electric generation facilities, includ… |
| LS-POWER-EQUITY-ADVISORS-LLC |
LS-POWER-EQUITY-ADVISORS-LLC |
62%
|
ued shares will be subject to a lock-up period, which expires on June 30, 2026, for 50 % of the shares and on June 30, 2027, for the remaining 50 %. 13 Table of Contents Combined Notes to Consolidate… |
| NOVA-POWER-LLC |
NOVA-POWER-LLC |
62%
|
ices of electricity, natural gas, and other commodities. We use a variety of derivative and non-derivative instruments to manage the commodity price risk of our electric generation facilities, includ… |
| PIN-OAK-CREEK-ENERGY-CENTER-LLC |
PIN-OAK-CREEK-ENERGY-CENTER-LLC |
62%
|
ices of electricity, natural gas, and other commodities. We use a variety of derivative and non-derivative instruments to manage the commodity price risk of our electric generation facilities, includ… |
| RELATED-ENTITIES-CEG-PARENT-CONSTELLATION-ENERGY |
RELATED-ENTITIES-CEG-PARENT-CONSTELLATION-ENERGY |
62%
|
e Act). Yes ☐ No x The number of shares outstanding of each registrant’s common stock as of April 30, 2026 was as follows: Constellation Energy Corporation Common Stock, without par value 361,190,063… |
