Constellation Energy’s $13 Billion Cash Flow Outlook Shows AI’s Power Trade Is Just Beginning

With power as one of the most vital components of America’s race for AI dominance, Constellation Energy (CEG) often comes to the fore for its crucial role. The company owns the Crane Clean Energy Center, formerly known as the Three Mile Island Unit. This is the nuclear power plant that Microsoft (MSFT) signed a 20-year power purchase agreement with. The firm announced its Q1 2026 earnings report on May 11, and there were a lot of positives, especially on the regulatory front.

Constellation Energy reported that it expects a decision from U.S. regulators on the Crane Clean Energy Center as soon as next month. This doesn’t mean the plant will be operational as quickly. Initial estimates pointed to a restart by 2028. However, the management has said that once the decision comes out, it might be able to utilize the rights to send electricity to the grid from its Eddystone natural gas-fired plant.