Item 1A. RISK FACTORS

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Item 1A. RISK FACTORS

At March 31, 2023, our risk factors were consistent with the risk factors described in our 2022 Form 10-K in ITEM 1A. RISK FACTORS.


Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Issuer Purchases of Equity Securities (CEG Parent)

On February 16, 2023, as part of our capital allocation plan, our Board of Directors announced a share repurchase program with a $1 billion purchase authority without expiration. Share repurchases may be made through a variety of methods, which may include open market or privately negotiated transactions, provided that the amounts spent do not exceed what is authorized. Any repurchased shares are constructively retired and cancelled. The program does not obligate us to acquire a minimum number of shares during any period and our repurchase of CEG's common stock may be limited, suspended, or discontinued at any time at our discretion and without prior notice. Repurchases under this program commenced in March 2023.

The following table provides information regarding our share repurchases under the program during the three months ended March 31, 2023:



Period	Total Number of Shares Purchased(a)	Average Price Paid per Share(b)		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs(c)
February 16, 2023 to February 28, 2023	—	$	—	$	1,000,000,000
March 1, 2023 to March 31, 2023	3,238,714	$	76.73	$	749,000,000
Total	3,238,714	$	76.73	$	749,000,000

(a)We have not made any purchases of shares other than in connection with the publicly announced share repurchase program described above.

(b)Average price paid per share for open market transactions excludes taxes and commissions.

(c)Approximate dollar value of shares that may yet be purchased under the program includes taxes and commissions.


Item 4. MINE SAFETY DISCLOSURES

Not Applicable.

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