说话者做多 CEG，认为近期的核电交易有利于其长期走强，尽管短期存在波动。
逐段跳播
周二，Google 和 Constellation Energy 宣布达成一项为期20年、890兆瓦的购电协议，用于升级伊利诺伊州、宾夕法尼亚州和新泽西州的11座现有反应堆——这是核电站运营商与科技公司之间达成的史上最大规模升级协议，我对此非常兴奋。
On Tuesday, Google and Constellation Energy announced a 20-year, 890-megawatt power purchase agreement to upgrade 11 existing reactors in Illinois, Pennsylvania, and New Jersey—the largest upgrade deal ever made between a nuclear operator and a technology company, and I'm very excited about it.
我们持有 Constellation Energy 的股票已经将近两年了，我真心认为这是朝着正确方向迈出的一步。
We have held shares in Constellation Energy for almost two years now, and I truly believe this is a step in the right direction.
Constellation 正投入超过43亿美元，计划挖掘出相当于新建一座大型反应堆的发电能力，首次升级将于2028年前启动，其余部分将在2032年至2033年间完成。
Constellation is investing more than $4.3 billion in plans to extract power equivalent to building a brand-new large reactor, with the first upgrade starting by 2028 and the remainder to be completed between 2032 and 2033.
Constellation Energy 的 CEO Joe Dominguez 毫不犹豫地解释了为何选择这个时机。他说：“这些都是昂贵的项目，我们知道我们本可以在几年前就做这件事。”
“但 Google 的介入提供了资金支持，使我们能够提供相当于一座新反应堆的发电能力。”
Joe Dominguez, CEO of Constellation Energy, did not hesitate to explain why this timing was chosen. He says: "These are expensive projects, and we know we could have done this several years ago."
"But Google's intervention provided the financial support that enabled us to provide the equivalent of a new reactor."
Amazon 本月早些时候与 Constellation 签署了一项为期20年的购电协议，为切萨皮克湾的一座电厂升级，增加190兆瓦的装机容量。
Amazon signed a 20-year power purchase agreement with Constellation earlier this month to upgrade a Chesapeake Bay plant with an additional 190 megawatts of capacity.
Microsoft 已经与 Constellation 有自己的协议，支持宾夕法尼亚州三里岛核电站的重启，该电站现已更名为 Crane Clean Energy Center，这个名字我喜欢，很棒。
Microsoft already has its own deal with Constellation, supporting the restart of the Three Mile Island plant in Pennsylvania, now renamed the Crane Clean Energy Center , a name I like; it's great.
想想 Constellation Energy、VST、NRG 和 TLN 这类公司。它们已经不再只是公用事业公司了。它们如今已成为能源基础设施的支柱，合同期限长达十年，收入前景清晰可见。
Think of companies like Constellation Energy, VST, NRG and TLN. These are no longer just public utility companies . They have now become pillars of the energy infrastructure with contracts extending for a decade and a clear view of revenues.
风险恰恰就是我们刚刚实时看到的情况。这些都是巨额资本投入，回收期长达数年，市场会惩罚任何资本支出与现金流账目看起来被夸大的公司，这很可能就是为什么在我们刚谈到的消息传出后48小时内，Constellation 就回吐了全部涨幅。
The risk is exactly what we just saw happening in real time. These are huge capital commitments with payback periods that extend for years, and the market will punish any name in which the capital expenditure versus cash flow accounts appear exaggerated, which is probably why Constellation gave up all its gains within 48 hours of the news we just talked about.
像 Vistra 和 Constellation 这类公司，未来还会有很大的波动，但长期来看，我们认为它们是一个将持续增长的行业里真正实力强劲的公司。
There is still a lot of volatility to come here with companies like "Vistra" and "Constellation", but in the long run we think they are really strong companies in a sector that will continue to grow.
这个频道对 $CEG 的历次判断
Rich Habits 在这只股票上只有这一条判断。