Overview Key strengths Key risks Cash flows receive support from state programs such as the Zero Emission Credit (ZEC) program, carbon mitigation credits (CMCs), and Production Tax credits (PTCs). Base-load generation is increasingly vulnerable to proliferation of renewable power that is now being firmed up with growing storage investments. Geographically diverse with a presence in the Midwest, Mid-Atlantic, Texas, New York, and New England markets. Exposure to commodity prices through its wholesale-generation business; the fleet is essentially a price taker. Significant demand growth in power over the past year from growing electrification needs. Nuclear fleet exposure to contagion risks from low-probability, high-impact events. As of Dec. 31, 2023, Constellation Energy Generation LLC has $7.6 billion of long-term debt. Of this,
