### @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; we argue the forwards undervalue the 2028‑2029‑and‑beyond period, note the ERCOT load “isn’t yet on the system – it’s getting built,” and say we’ve stayed well hedged and protected against near‑term weakness. Look, we’re a competitive merchant generator operating in PJM, MISO, NYISO and ERCOT, explicitly not a regulated rate‑base utility, so the Pennsylvania governor’s letter applies to regulated utilities, not to us.
- tier: Confirmed (✓)
- source: CEG / A merchant generator, not a regulated utility
- receipt: https://ticker.thevixguy.com/p/p-day-20260716-ceg-src-ceg-merchant-not-regulated-rotation
- posted: 2026-07-16T01:24:25.503Z