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CEG - Constellation Energy: A New Clean Electricity Pick
Constellation Energy Corporation
This "new-but-familiar" $16.9 billion market cap clean power producing (primarily nuclear) company spun off as planned from the Exelon utility holding company in early January 2022.
Constellation plans to pay a dividend that currently yields 1.1%.
The company has a ready customer in its former parent of Exelon, but also operations and customers throughout the country for its ESG-friendly electricity generation.