Constellation Energy: FY26 Q2 earnings call, Aug 6, 2026

…in the regulatory environment. I told you that we were hopeful that PJM, under FERC's oversight, would move quickly to provide needed clarity so that…

…we have unfortunately seen in the past. Those concerns have not materialized. Instead, we are seeing PJM, prompted by FERC, move at the necessary speed.

…this transfer will help clear many of the transmission contingencies identified in PJM's initial deliverability review and will pave the way for Crane to deliver…

…strikes on the rules for new transmission services for co-located loads and directed PJM to explain why it cannot make those services available more quickly.

Last week, PJM released proposals for the Reliability Backstop Procurement, or RBP, and the Interim Resource Adequacy Service, or IRAS. While aspects of PJM's proposals…