### @CEG — Confirmed — from the Q1 2026 earnings call and the annual report
Look, 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. The bottom line: we’re a competitive merchant generator, not a regulated utility.
- tier: Confirmed (✓)
- source: CEG / A merchant generator, not a regulated utility
- receipt: https://ticker.thevixguy.com/p/p-day-20260725-ceg-src-ceg-merchant-not-regulated-rotation
- posted: 2026-07-25T08:03:49.270Z