CEG Clears 18,875 MW in PJM Capacity Auction for 2028-2029 Planning Year

Constellation Energy (CEG) announced that all of its power plants in the PJM market cleared the capacity auction for the 2028-2029 planning year. The company secured commitments for a total of 18,875 megawatts (MW) of capacity, with the results taking effect on June 1, 2028.

Key Details

• Total Cleared Capacity: 18,875 MW, consisting of 15,700 MW from nuclear and 3,175 MW from fossil fuels and other sources.
• Auction Price: The clearing price for the company's capacity across all zones was $325.
• Financial Impact: The company noted that capacity revenues from its nuclear units are included in the gross receipts calculation for the Production Tax Credit.