Business UpdateJul 14, 2026, 05:27 PM
Constellation Energy Clears 18,875 MW in PJM Capacity Auction at $325
AI Summary
Constellation Energy announced that all its power plants in the PJM market successfully cleared the capacity auction for the 2028-2029 planning year. The company cleared a total of 18,875 MW at a uniform price of $325. These auction results will take effect on June 1, 2028, with capacity revenues for nuclear units contributing to the Production Tax Credit calculation.
Key Highlights
- Constellation Energy cleared 18,875 MW in the PJM capacity auction.
- All cleared capacity was at a price of $325.
- Auction results are effective starting June 1, 2028.
- Nuclear units cleared 15,700 MW across all zones.
- Fossil/Others units cleared 3,175 MW across all zones.
- COMED zone cleared 10,200 MW (9,800 MW Nuclear, 400 MW Fossil/Others).
- EMAAC zone cleared 6,550 MW (4,325 MW Nuclear, 2,225 MW Fossil/Others).
- MAAC zone cleared 1,725 MW (1,575 MW Nuclear, 150 MW Fossil/Others).
Price Impact
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