Constellation Energy Corp. is officially a stand-alone, publicly traded company after the completion of the separation of Exelon Generation Co. LLC and Constellation Energy Resources LLC from Chicago-headquartered Exelon Corp.

Constellation began trading on the Nasdaq Global Select Market on Feb. 2 under the symbol CEG, the Baltimore-headquartered company announced in a same-day news release. Constellation will operate in 48 U.S. states, Canada and the U.K.

Constellation said in the release that it was exploring growth opportunities, including potential acquisitions of clean energy assets; creating clean hydrogen using its nuclear fleet; introducing new products and services for business customers; or leveraging the generation fleet for repowering, colocation of data centers and other opportunities.

Constellation's management team previously said it will focus on maintaining investment-grade credit ratings, growing the $180 million dividend by 10% annually, returning excess cash to shareholders, and pursuing organic and inorganic growth.

Meanwhile, Exelon's transmission and distribution utility business will remain under the flagship company and will trade on Nasdaq under the symbol EXC. It will continue to serve more than 10 million customers through its six fully regulated transmission and distribution utilities.

Exelon's management has previously said the company's transformation into a pure-play, transmission and distribution utility could significantly boost its equity valuation, with opportunities to invest in electric vehicle infrastructure and grid resiliency.

In connection with the separation, Exelon shareholders received one share of Constellation common stock for every three shares of Exelon common stock held as of the record date Jan. 20. The deal was tax-free to Exelon and its shareholders for U.S. federal income tax purposes.

Exelon shareholders will retain their current shares of Exelon stock.