### @CEG — Confirmed — from the Q1 2026 earnings call and the annual report
Analysts flagged weakness in ERCOT and PJM forward prices even as the demand pipeline looked strong; management argued the forwards undervalue the 2028‑2029‑and‑beyond period, said the ERCOT load “isn't yet on the system – it's getting built,” and noted it has stayed well hedged and protected against the near‑term weakness. Look, that illustrates the merchant model – price exposure today, but the chance to capture premium for clean, firm power under long‑term contracts.
- tier: Confirmed (✓)
- source: CEG / A merchant generator, not a regulated utility
- receipt: https://ticker.thevixguy.com/p/p-day-20260715-ceg-src-ceg-merchant-not-regulated-conversation
- posted: 2026-07-15T18:37:22.706Z