Constellation Files License Renewal Applications for Nuclear Plants to 2049
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2026
0mins
Constellation has filed license renewal applications with the Nuclear Regulatory Commission to extend the operations of Ginna Clean Energy Center and Nine Mile Point Unit 1 reactors in upstate New York to 2049. Constellation's decision to invest in these plants to extend their safe and reliable operations into mid-century demonstrates that New York State's renewal of its Zero Emissions Credit program is working as intended. "We commend Governor Hochul and the Public Service Commission for recognizing the unmatched safe, reliable, zero-emission power our upstate nuclear fleet delivers and for taking actions to keep these key assets running," said Joe Dominguez, president and CEO of Constellation. "Constellation's four upstate nuclear units provide nearly half of the state's clean power, support thousands of family-sustaining jobs and generate millions in local tax revenue." Renewal of the ZEC program is projected to deliver $50B in ratepayer savings by 2050, contribute $38B to New York's economy, secure 14,000 good-paying, local jobs for decades to come, and preserve $10B in tax revenue for the state, Constellation said.
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Analyst Views on CEG
Wall Street analysts forecast CEG stock price to rise
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 245.870
Low
350.00
Averages
414.86
High
460.00
Current: 245.870
Low
350.00
Averages
414.86
High
460.00
About CEG
Constellation Energy Corporation is a producer of emissions-free energy and an energy supplier to businesses, homes and public sector customers nationwide. The Company’s nuclear, hydro, wind, and solar generation facilities have the generating capacity to power the equivalent of 27 million homes, providing about 10% of the nation’s clean energy. Its segments include Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. Through its integrated business operations, it sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. It operates approximately 55 gigawatts of capacity from nuclear, natural gas, geothermal, hydro, wind and solar facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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