v3.26.1
Supplemental Financial Information
 3 Months Ended
Mar. 31, 2026
Supplemental Financial Information [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Supplemental Consolidated Statements of Operations and Comprehensive Income Information
The following tables provide additional information about items recorded in the Consolidated Statements of Operations and Comprehensive Income.
Three Months Ended March 31,
Operating revenues20262025
Variable lease income$97 $52 
Three Months Ended March 31,
Taxes other than income taxes20262025
Property$102 $72 
Payroll58 44 
Gross receipts(a)
64 38 
Other
5 6 
Total$229 $160 
__________
(a)Represent gross receipts taxes related to our retail operations. The offsetting collection of gross receipts taxes from customers is recorded in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income.
Three Months Ended March 31,
Other, net20262025
Decommissioning-related activities:
Net realized income on NDT funds(a)
Regulatory Agreement Units$271 $243 
Non-Regulatory Agreement Units155 94 
Net unrealized gains (losses) on NDT funds
Regulatory Agreement Units(206)(117)
Non-Regulatory Agreement Units(109)(23)
Regulatory offset to NDT fund-related activities(b)
(52)(103)
Total Decommissioning-related activities59 94 
Net unrealized gains (losses) from equity investments(c)
(27)(268)
Other
14 20 
Total$46 $(154)
__________
(a)Realized income includes interest, dividends and realized gains and losses on sales of NDT fund investments.
(b)Includes the elimination of decommissioning-related activities and the elimination of income taxes related to all NDT fund activity for the Regulatory Agreement Units.
(c)Includes unrealized gains (losses) resulting from an equity investment in a publicly traded company. We record the fair value of this investment in Other deferred debits and other assets in the Consolidated Balance Sheets based on quoted market price of the stock.
Supplemental Cash Flow Information
The following tables provide additional information about items recorded within our Consolidated Statements of Cash Flows.
Three Months Ended March 31,
Depreciation, amortization, and accretion
Income statement location
20262025
PP&EDepreciation and amortization$436 $243 
Nuclear fuelPurchased power and fuel244 232 
Amortization of acquired derivative contracts(a)
Operating revenues or purchased power and fuel228 — 
ARO accretionOperating and maintenance174 158 
Amortization of UECsOperating revenues or purchased power and fuel128 2 
Amortization of intangible assets, net(b)
Depreciation and amortization7 5 
Other amortization
Operating revenues, purchased power and fuel, or interest expense, net(15)— 
Total$1,202 $640 
__________
(a)Related to the amortization of acquired derivative contracts from the acquisition of Calpine.
(b)Primarily related to the amortization of customer relationships and trade names.
CEG ParentConstellation
Three Months Ended March 31,Three Months Ended March 31,
Other non-cash operating activities
2026202520262025
Other decommissioning-related activity(a)
$(349)$(74)$(349)$(74)
Pension and non-pension postretirement benefit costs
50 38 50 38 
Other
100 83 70 60 
Total$(199)$47 $(229)$24 
__________
(a)Includes the elimination of decommissioning-related activities for the Regulatory Agreement Units, including the elimination of operating revenues, ARO accretion, ARC amortization, investment income, and income taxes related to all NDT fund activity for these units.

The following table provides a reconciliation of cash, restricted cash, and cash equivalents reported within our Consolidated Balance Sheets that sum to the total of the same amounts in the Consolidated Statements of Cash Flows.
March 31, 2026CEG ParentConstellation
Cash and cash equivalents$800 $785 
Restricted cash and cash equivalents371 351 
Total cash, restricted cash, and cash equivalents$1,171 $1,136 
December 31, 2025
Cash and cash equivalents$3,641 $3,641 
Restricted cash and cash equivalents107 79 
Total cash, restricted cash, and cash equivalents$3,748 $3,720 
March 31, 2025
Cash and cash equivalents$1,846 $1,836 
Restricted cash and cash equivalents96 86 
Total cash, restricted cash, and cash equivalents$1,942 $1,922 
For additional information on restricted cash, see Note 1 — Basis of Presentation of our 2025 Form 10-K. Calpine's restricted cash balances, included in our balances as of March 31, 2026, align with our current policy or represent other agreements that require us to establish and maintain segregated cash accounts, the use of which is restricted, making these cash funds unavailable for general use.
Supplemental Balance Sheet Information
The following tables provides additional information about material items recorded in the Consolidated Balance Sheets.
Inventories, netMarch 31, 2026December 31, 2025
Materials and supplies$2,200 $1,485 
Natural gas, oil, and emission allowances382 251 
Total$2,582 $1,736 

CEG ParentConstellation
Accounts payable and accrued expensesMarch 31, 2026December 31, 2025March 31, 2026December 31, 2025
Accounts payable
$2,708 $2,813 $2,697 $2,801 
Compensation-related accruals(a)
557 920 445 672 
Taxes accrued(b)
484 246 483 245 
Other accrued expenses
700 315 699 315 
Total
$4,449 $4,294 $4,324 $4,033 
__________
(a)Primarily includes accrued payroll, bonuses and other incentives, vacation, and benefits.
(b)Includes $375 million as of December 31, 2025, related to nuclear PTC that was used to offset the current tax liability. No credits were utilized in the first quarter of 2026. See Note 6 — Government Assistance for additional information on the nuclear PTC.
The following table provides additional information about investments included in Other deferred debits and other assets in the Consolidated Balance Sheets.
InvestmentsMarch 31, 2026December 31, 2025
Equity method investments
$26 $3 
Other investments:
Employee benefit trusts and investments(a)
110 112 
Equity investments with readily determinable fair values(b)
64 82
Equity investments without readily determinable fair values113 109
Other available for sale debt security investments1 1
Total
$314 $307 
__________
(a)Debt and equity security investments are recorded at fair market value.
(b)Does not include the equity investments with readily determinable fair values that are recorded in Other current assets in the Consolidated Balance Sheets. See Note 14 — Fair Value of Financial Assets and Liabilities for additional information on investments in equities.