For Constellation their scam seems to be growth of consumer demand that leads to them cornering a bunch of energy output from nuke plans coming online between now and 2040 (when a bunch of their licenses expire). And perhaps pivoting that growth into alternative energy sources (hydrogen?) when those plans come online. So the grow and monopolize play/scam.

This, coupled with money from the government from the Inflation Reduction Act (good scam, having the government pay for your growth) is likely their short term play. Their market fundamentals seem a bit shakey (they're giving dividends, even though they are small ones, WTF)... and who knows what their customer support story is, etc etc

Of course there's the ever present raise rates after the contract renewal scam.

I would love to see their distributed energy play ala solar, better use of capital in general which is likely to bite them, and I personally believe the future is distributed vs centralized and that's likely to get them over the next 3-30 years. I dislike not knowing their short term plan: how are they going to drive growth in Q1 2023... but global gas/oil energy markets may make that very easy to be nuke heavy (sit back, relax while people come to you).

But it's also not a reduction of bills - I'll probably pay a little bit more than I'm currently paying, but it will avoid me paying more when Eversource hikes its rates EOY. So it won't leave me money left over in my budget, but it will avoid (a majority of) a bill increase.

That's just from 15 minutes of analysis. It sounds like maybe a reasonable play, or a stopgap this winter until I can dump them (thanks no cancellation fee CT??!) for my own solar install????

Sources:

• Yahoo Finance news page for CEG
• Seeking Alpha (whoever they are) analysis on CEG