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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

Con Edison Buys Merger Approval with Rate Cuts

LCG, Oct. 4, 2000Consolidated Edison Co. of New York said yesterday that it had reached agreement with the staff of the New York Public Service Commission and numerous intervenors calling for an immediate $170 cut in its electric distribution rates with more to follow.

In exchange, parties to the agreement will recommend to the commission that it approve the pending acquisition of Northeast Utilities by the utility's parent holding company, Consolidated Edison Inc.

The agreement also calls for another distribution rate reduction of $209 million to take place on April 1 of next year. Also on that date, customers of Northeast Utilities and Con Edison would begin sharing in $18.5 billion in savings expected to be generated by the merger, if the transaction is completed by that time.

Con Edison said the agreement would extend by three years the electric restructuring agreement approved by the commission in 1997, and provide about $1.5 billion of rate benefits to customers in addition to the more than $1.1 billion provided for in the 1997 agreement.

The typical New York City residential customer will save approximately $50 annually, while the typical small commercial customer will save about $100 annually and the somewhat larger commercial customer will save about $1,000 a year, Con Edison said.

Nearly a year ago, Consolidated Edison Inc. agreed to acquire Northeast Utilities in a deal valued at $7.5 billion, with $3.29 billion in cash and the balance in assumption of debt.

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