CEG's nuclear fleet is the largest in the US with ~21 GW of capacity operating at a 94.7% capacity factor. No new nuclear has been built at scale in the US since the 1970s, creating an irreplaceable asset base. NRC licenses extend to 2047-2051, with framework allowing 80-year operation. The fleet's value is anchored by hyperscaler PPAs (Microsoft 20-year TMI restart, Meta Clinton) and surging PJM capacity prices ($333/MW-day, up 11x). The Calpine acquisition added ~26 GW of gas and geothermal, creating a combined ~60 GW fleet that can offer comprehensive nuclear baseload + gas peaking solutions.
CEG operates ~21 GW of nuclear capacity, making it the largest US nuclear operator. Fleet includes 12 nuclear stations across multiple states.