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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

Australian Power Prices Spike as Output Falls

LCG, Feb. 21, 2001Electricity prices in the Australian states of Victoria and South Australia shot up abruptly during a summer heat wave as output from the 2000 megawatt Loy Yang A power plant was cut by half.

Loy Yang's operators said the reduction in output to a low of around 1,055 megawatts was caused by failure of the market operator to dispatch its available capacity.

Wholesale power prices had been about $20.00 (U.S.) per megawatt-hour when the effects of the heat wave caused them to rise. At the same time, the transmission interconnector between Victoria and neighboring state New South Wales was close to capacity, shutting out generators in New South Wales.

This brought about a flurry of rebidding, or moving significant amounts of power toward higher prices, a Loy Yang spokesman attempted to explain. Prices then soared to almost $2,400 (U.S.) per megawatt-hour.

The activity caused the market operator to overlook Loy Yang, the spokesman said, and the power was cut back. "If the market dispatcher doesn't dispatch us, then (the power) doesn't go," he said.

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