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Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

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Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

(a)The following documents are filed as a part of this report:

Constellation Energy Generation, LLC and Subsidiary Companies

(i)Financial Statements (Item 8):
Report of Independent Registered Public Accounting Firm dated February 25, 2022 of PricewaterhouseCoopers LLP (PCAOB ID 238)
Consolidated Statements of Operations and Comprehensive Income for the Years Ended December 31, 2021, 2020, and 2019
Consolidated Statements of Cash Flows for the Years Ended December 31, 2021, 2020, and 2019
Consolidated Balance Sheets at December 31, 2021 and 2020
Consolidated Statements of Changes in Equity for the Years Ended December 31, 2021, 2020, and 2019
Notes to Consolidated Financial Statements
(ii)Financial Statement Schedule:
Schedule II—Valuation and Qualifying Accounts for the Years Ended December 31, 2021, 2020, and 2019
Schedules not included are omitted because of the absence of conditions under which they are required or because the required information is provided in the consolidated financial statements, including the notes thereto

Constellation Energy Generation, LLC and Subsidiary Companies

Schedule II – Valuation and Qualifying Accounts

Column AColumn BColumn CColumn DColumn E
Additions and adjustments
DescriptionBalance at Beginning of PeriodCharged to Costs and ExpensesCharged to Other AccountsDeductionsBalance at End of Period
(In millions)
For the year ended December 31, 2021
Allowance for credit losses$32$34$—$7(a)$59
Deferred tax valuation allowance23—(1)—22
Reserve for obsolete materials265(6)(2)7250
For the year ended December 31, 2020
Allowance for credit losses$81$12$(56)(b)$5(a)$32
Deferred tax valuation allowance24—(1)—23
Reserve for obsolete materials143123(c)(1)—265
For the year ended December 31, 2019
Allowance for credit losses$104$27$(11)$39(a)$81
Deferred tax valuation allowance26—(2)—24
Reserve for obsolete materials145——2143

(a)Write-offs, net of recoveries of individual accounts receivable.

(b)Reflects the sale of customer accounts receivable in the second quarter of 2020. See Note 6—Accounts Receivable of the Notes to Consolidated Financial Statements for additional information.

(c)Primarily reflects expense resulting from materials and supplies inventory reserve adjustments as a result of the decision to early retire Byron, Dresden, and Mystic 8 and 9. See Note 7—Early Plant Retirements of the Notes to Consolidated Financial Statements for additional information.

Exhibits required by Item 601 of Regulation S-K:

Certain of the following exhibits are incorporated herein by reference under Rule 12b-32 of the Securities and Exchange Act of 1934, as amended. Certain other instruments which would otherwise be required to be listed below have not been so listed because such instruments do not authorize securities in an amount which exceeds 10% of the total assets of the applicable registrant and its subsidiaries on a consolidated basis and the relevant registrant agrees to furnish a copy of any such instrument to the Commission upon request.

Exhibit No.Description
2-1Separation Agreement, dated January 31, 2022, between Exelon and Constellation (File No. 001-41137, Form 8-K dated February 2, 2022, Exhibit 2.1)
3-1Amended and Restated Articles of Incorporation of Constellation Energy Corporation, effective January 31, 2022 (File No. 001-41137, Form 8-K dated February 2, 2022, Exhibit 3.1)
3-2Amended and Restated Bylaws of Constellation Energy Corporation, effective January 31, 2022 (File No. 001-41137, Form 8-K dated February 2, 2022, Exhibit 3.2)
3-3Amended and Restated Certificate of Organization, as amended, of Constellation*
3-4Amended and Restated Operating Agreement of Constellation*
4-1Form of 4.25% Senior Note due 2022 issued by Constellation (File No. 333-85496, Form 8-K dated June 18, 2012, Exhibit 4.1)
4-2Form of 5.60% Senior Note due 2042 issued by Constellation (File No. 333-85496, Form 8-K dated June 18, 2012, Exhibit 4.2)
4-3Form of 6.000% Senior Notes due 2033 issued by Constellation (File No. 333-85496, Form 8-K dated September 30, 2013, Exhibit No. 4.1)
4-4Indenture dated as of September 28, 2007 from Constellation to U.S. Bank National Association, as trustee (File No. 333-85496, Form 8-K dated September 28, 2007, Exhibit 4.1)
4-5Form of 6.25% Constellation Senior Note due 2039 (File No. 333-85496, Form 8-K dated September 23, 2009, Exhibit 4.2)
4-6Form of 4.00% Constellation Senior Note due 2020 (File No. 333-85496, Form 8-K dated September 30, 2010, Exhibit 4.1)
4-7Form of 5.75% Constellation Senior Note due 2041 (File No. 333-85496, Form 8-K dated September 30, 2010, Exhibit 4.2)
4-8Indenture, dated as of September 30, 2013, among Continental Wind, LLC, the guarantors party thereto and Wilmington Trust, National Association, as trustee (File No. 333-85496, Form 8-K dated September 30, 2013, Exhibit 4.1)
4-9Form of Constellation 3.400% notes due 2022 (File No. 333-85496, Form 8-K dated March 10, 2017, Exhibit 4.2)
4-10Form of Constellation 3.250% Senior Notes due 2025 (File No. 333-85496, Form 8-K dated May 15, 2020, Exhibit 4.1)
4-11Indenture, dated as of February 9, 2022, between Constellation and Deutsche Bank Trust Company Americas, as trustee*
4-12First Supplemental Indenture, dated as of February 9, 2022, between Constellation and Deutsche Bank Trust Company Americas, as trustee*
4-13Form of Constellation 3.046% Senior Notes due 2027 (incorporated by reference to Exhibit 4.12 filed herewith)
4-14Facility Agreement, dated as of February 9, 2022, among Constellation, Fells Point Funding Trust and Deutsche Bank Trust Company Americas, as trustee*
4-15Letter of Credit Facility Agreement, dated February 9, 2022, among Constellation, Deutsche Bank Trust Company Americas, as administrative and collateral agent, and the various financial institutions from time to time parties thereto*
4-16Amended and Restated Declaration of Trust of Fells Point Funding Trust, dated as of February 9, 2022*
4-17Pledge and Control Agreement, dated as of February 9, 2022, among Fells Point Funding Trust, Constellation, Deutsche Bank Company Americas, as collateral agent and securities intermediary*
10-1Transition Services Agreement, dated January 31, 2022, between Exelon and Constellation (File No. 001-41137, Form 8-K dated February 2, 2022, Exhibit 10.1)
10-2Tax Matters Agreement, dated January 31, 2022, between Exelon and Constellation (File No. 001-41137, Form 8-K dated February 2, 2022, Exhibit 10.2)
10-3Employee Matters Agreement, dated January 31, 2022, between Exelon and Constellation (File No. 001-41137, Form 8-K dated February 2, 2022, Exhibit 10.3)
10-4Credit Agreement, dated as of November 28, 2017, as thereafter amended and conformed among Constellation Renewables, LLC, Constellation Renewables Holding, LLC, Morgan Stanley Senior Funding, Inc. as administrative agent, Wilmington Trust, National Association, as depository bank and collateral agent, and the lenders and other agents party thereto. (Certain portions of this exhibit have been omitted by redacting a portion of text, as indicated by asterisks in the text. This exhibit has been filed separately with the U.S. Securities and Exchange Commission pursuant to a request for confidential treatment.) (File No. 001-16169, Form 10-K dated February 9, 2018, Exhibit 10.94)
10-5Receivables Purchase Agreement, dated as of April 8, 2020, among Constellation NewEnergy, Inc. as servicer, and NewEnergy Receivables LLC, as seller, MUFG Bank, LTD., as Agent, the Conduits party thereto, the Financial Institutions party thereto and the Purchaser Agents party thereto (File No. 001-16169, Form 8-K dated April 9, 2020, Exhibit 10.1)
10-6Credit Agreement, among Constellation Renewables, LLC, the lenders party thereto, Jefferies Finance LLC, as administrative agent, and Wilmington Trust, National Association, as depositary bank and collateral agent, dated December 15, 2020 (File No. 333-85496, Form 8-K dated December 15, 2020, Exhibit 1.1)
10-7Amendment No. 2 to Receivables Purchase Agreement, dated as of March 29, 2021, among Constellation NewEnergy, Inc., as servicer, and NewEnergy Receivables LLC, as seller, MUFG Bank, LTD., as agent, the Conduits party thereto, the Financial Institutions party thereto and the Purchaser Agents party thereto (File No. 001-16169, Form 8-K, dated March 31, 2021, Exhibit 10.1)
10-8Settlement Agreement, dated August 6, 2021, between Constellation and EDF Inc. (File No. 333-85496, Form 10-Q dated November 3, 2021, Exhibit 10.1)
10-9364-Day Term Loan Credit Agreement, dated August 6, 2021, between Generation and Barclays Bank PLC (File No. 333-85496, Form 10-Q dated November 3, 2021, Exhibit 10.2)
10-10$3,500,000,000 Credit Agreement dated as of February 1, 2022, among Constellation, JPMorgan Chase Bank, N.A., as Administrative Agent, and various financial institutions, as lenders*
10-11Constellation Energy Corporation Non-Employee Deferred Stock Unit Plan*
10-12Constellation Energy Corporation Unfunded Deferred Compensation Plan for Directors*
10-13Constellation Energy Group Deferred Compensation Plan for Non-Employee Directors*
10-14Constellation Energy Corporation Senior Management Severance Plan*
10-15Constellation Energy Corporation Deferred Compensation Plan*
10-16Constellation Energy Corporation Supplemental Management Retirement Plan*
10-17Constellation Energy Corporation PECO Supplemental Pension Benefit Plan*
10-18Constellation Energy Group Nonqualified Deferred Compensation Plan*
10-19Constellation Energy Group Benefits Restoration Plan*
10-20Constellation Energy Corporation Supplemental Pension Plan*
10-21Constellation Energy Corporation Long-Term Incentive Plan*
10-22Constellation Energy Corporation Employee Stock Purchase Plan*
10-23Form of Restricted Stock Unit Retention Award under the Constellation Energy Corporation Long-Term Incentive Plan*
10-24Form of Restricted Stock Unit Award under the Constellation Energy Corporation Long-Term Incentive Plan*
10-25Form of Performance Share Award under the Constellation Energy Corporation Long-Term Incentive Plan*
10-26Form of Separation Agreement under the Constellation Energy Corporation Senior Management Severance Plan*
Subsidiaries
21-1Constellation Energy Corporation
21-2Constellation Energy Generation, LLC
Consent of Independent Registered Public Accountants
23-1Constellation Energy Corporation
Power of Attorney (Constellation Energy Corporation)
24-1Laurie Brlas
24-2Yves C. de Balmann
24-3Rhonda Ferguson
24-4Bradley Halverson
24-5Charles Harrington
24-6Julie Holzrichter
24-7Ashish Khandpur
24-8Robert Lawless
24-9John Richardson
Certifications Pursuant to Rule 13a-14(a) and 15d-14(a) of the Securities and Exchange Act of 1934 as to the Annual Report on Form 10-K for the year ended December 31, 2021 filed by the following officers for the following registrants:
Exhibit No.Description
31-1Filed by Joseph Dominguez for Constellation Energy Corporation
31-2Filed by Daniel L. Eggers for Constellation Energy Corporation
31-3Filed by Joseph Dominguez for Constellation Energy Generation, LLC
31-4Filed by Daniel L. Eggers for Constellation Energy Generation, LLC
Certifications Pursuant to Section 1350 of Chapter 63 of Title 18 United States Code as to the Annual Report on Form 10-K for the year ended December 31, 2021 filed by the following officers for the following registrants:
Exhibit No.Description
32-1Filed by Joseph Dominguez for Constellation Energy Corporation
32-2Filed by Daniel L. Eggers for Constellation Energy Corporation
32-3Filed by Joseph Dominguez for Constellation Energy Generation, LLC
32-4Filed by Daniel L. Eggers for Constellation Energy Generation, LLC
101.INSInline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCHInline XBRL Taxonomy Extension Schema Document.
101.CALInline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEFInline XBRL Taxonomy Extension Definition Linkbase Document.
101.LABInline XBRL Taxonomy Extension Label Linkbase Document.
101.PREInline XBRL Taxonomy Extension Presentation Linkbase Document.
104Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
  • Filed herewith.

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