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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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We Energies and Oracle Announce New Agreement for Point Beach Nuclear Plant to Power Project Lighthouse

LCG, October 2, 2026--We Energies, a subsidiary of Milwaukee-based WEC Energy Group, and Oracle today announced an agreement that would allow Oracle to "subscribe" to between 10 percent and 20 percent of the Point Beach Nuclear Plant’s electricity generation. Oracle will provide the carbon-free energy to Project Lighthouse, the data center campus in Port Washington that Oracle is co-developing with artificial intelligence firm OpenAI.

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Industry News

Nova Scotia Utility Changes Name to Emera

LCG, July 17, 2000--NSP Power Holdings Inc. has changed its name to Emera Inc., which holds a lot more meaning for the holding company than for anyone else. The utilitys customers will continue to write "Nova Scotia Power Co." on their monthly cheques.

"Our new name reflects the diversity of our energy business," said David Mann, president and chief executive of the holding company.

"We have expanded our energy product line to include heavy and light fuel oil, diesel and industriallubricants," Mann pointed out. "Our investment in the Maritimes & Northeast Pipeline and the acquisition of Bangor Hydro-Electric Co. extend Emera's business and customer base into New Brunswick and the northeastern United States."

Taking all those things together, someone decided the new name should combine energy, sea and era. Somehow, that suggested Emera.

The new name, said Mann, "will be the umbrella identity for our customers, employees and operations of our growing energy related interests."

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