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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

EPA to Propose Tighter Power Plant Emission Rules

LCG, Sept. 7, 2001--The U.S. Environmental Protection Agency will propose lowering limits on three main pollutants from power plants in its plan to expand an emissions trading system for utilities, Bloomberg news service reported yesterday.

Jeffrey Holmstead, assistant EPA administrator for air and radiation, told Bloomberg that the new limits on sulfur dioxide, nitrogen oxide and mercury haven't been settled as the EPA tries to address Department of Energy officials' concerns about the economic impact on electric utilities.

"These levels will be achievable, they will not be economically disruptive, but they will be substantially below the levels that are emitted today," Holmstead said.

EPA Administrator Christie Whitman will submit legislation this month to expand a system begun in 1990 that lets utilities sell or buy credits to release sulfur dioxide, a byproduct of burning coal and other fossil fuels that causes acid rain. The new trading system would include nitrogen oxide and mercury as well as sulphur dioxide, but would not include carbon dioxide, the "greenhouse gas," which the Bush administration has said would be too costly to regulate.

"From the perception of the utilities, I think what this does is give them certainty," Holmstead said of the trading credits legislation. "They know what the regulatory requirements are going to be, rather than have a number of uncoordinated programs come along piecemeal over a number of years."

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