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Constellation and Google Announce Strategic Collaboration that Includes 890 MW of New Nuclear Capacity to PJM Grid

LCG, October 6, 2026--Google and Constellation Energy today announced a long-term strategic clean energy collaboration to bring 890 MW of new, reliable, carbon-free nuclear capacity onto the PJM Interconnection grid to meet growing demand and increase grid reliability. The first uprate is expected to be delivered by 2028.

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Department of Energy Announces $4.2 Billion Investment to Boost Nuclear Power in Pennsylvania and Ohio

LCG, October 5, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) today announced a conditional loan commitment of up to $4.2 billion to finance nuclear uprates and modernization across Vistra’s nuclear fleet in Pennsylvania and Ohio. The projects are expected to preserve nearly 4 GW of carbon-free, baseload power and add 433 MW of new nuclear capacity that will support the growing electricity demand across the PJM region.

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Industry News

Cabot Sells LNG Unit to Tractebel for $680 Million

LCG, July 13, 2000--Cabot Corp. will sell its Cabot Liquefied Natural Gas unit for $680 million to Tractebel, the Belgian energy company recently taken over by French Suez Lyonnaise des Eaux. The deal is expected to close by the end of next month.

Tractebel will get Cabots LNG terminal in Everett, Mass., a 10 percent interest in a liquefaction facility in Trinidad and Tobago, and Cabots LNG tanker Matthew. The acquisition will provide natural gas to fuel Tractebel power plants in New England.

Matthew was built in 1979 by Newport News Shipbuilding of the U.S. She is a fast (20-knot) tanker with a capacity of about 4.5 million cubic feet of LNG.

"In the present market circumstances, this acquisition will contribute positively to Tractebel's results from the outset," said Jean-Pierre Hansen, Tractebel chief executive. "The integration of Cabot LNG will create synergies with existing LNG and natural gas operations within our group."

Tractebel said in a statement that the acquisition will give it a 20 percent share of the Atlantic basin and creates a firm foothold in the physical gas markets in the Northeast that will allow the company to serve the power industry in the northeastern United States.

Tractebel operated 20 U.S. power plants in 12 states, including Massachusetts.

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