Bloomberg Talks Constellation CEO Joseph Dominguez Talks Gas, Power Prices and Data Center
Mar 23, 2026
Joseph Dominguez, CEO of Constellation Energy and leader in nuclear and clean power, talks energy markets and shifting demand. He discusses how geopolitical risk could redirect data center investment to North America. He explains the role of nuclear in meeting data center needs, managing peak-hour pressures, and tools like batteries and new gas plants to keep power reliable and affordable.
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U.S. Gas Prices Largely Insulated From Middle East Tensions
- U.S. natural gas prices remain relatively stable despite Middle East conflict.
- Joseph Dominguez notes LNG exports are maxed out and no major extra gas will leave until new facilities are built, so domestic pricing holds steady.
Geopolitics Could Shift Data Center Buildouts To The U.S.
- Geopolitical risk may redirect data center investment from the Middle East to North America.
- Dominguez says uncertainty makes companies rethink Middle East siting, pushing data centers and industrial moves toward the U.S.
Invest First To Extend Nuclear Fleet Output
- Secure and invest in the existing nuclear fleet before building new plants.
- Dominguez recommends capital investments to extend life and increase output, equivalent to adding six or seven plants from improved operations.