Energy Business
Molly Glick
Molly Glick
Energy Central Team
·Posted in Energy Business
Mon, May 11

NEWS: Constellation rode the data center wave to a Q1 win, while Eversource is bracing for a $932M hit.

  • The win: Constellation reached $11B in revenue last quarter, beating Wall Street estimates—thanks to newly acquired Calpine gas assets and a record-breaking demand surge. 

  • The loss: It’s a different story in New England, where Eversource is staring down a $932M loss (following a FERC decision to slash its base ROE to 9.57%, which the company is working to appeal).

  • The divide: The two companies couldn’t be further apart on data centers. While Constellation is building its strategy around them, Eversource CEO Joe Nolan called the facilities a "no value" proposition for ratepayers. Instead, he’s betting on offshore wind—and lower market volatility—to protect customers.

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