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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

EdF in 715 Megawatt Power Plant for Vietnam

LCG, Sept. 17, 2001--A consortium led by Electricit de France was set to received a license from the government of Vietnam to build a 715 megawatt, $480 million gas-fueled power plant at the southern coast city of Phu My, Deutsche Presse-Agentur reported this morning.

The Vietnamese Ministry of Industry confirmed the licensing, which was to include the signing of a contract with the ministry, a power purchase agreement with state monopoly Electricity of Vietnam and a gas supply agreement with PetroVietnam.

According to Deutsche Presse-Agentur, the 715 megawatt Phu My 2-2 is to be part of the 3,600 megawatt Phu My Power complex in southern Ba Ria-Vung Tau province. EdF has already contracted with General Electric Co. of the U.S. to supply turbines for the plant.

Fuel for the plant will be piped onshore from Nam Con Son sea basin project off the coast. Construction of a $565 million, 236-mile underwater pipeline from Nam Con Son basin to Phu My station began in May.

When completed in 2004, the entire Phu My complex will generate enough power to meet roughly 40 per cent of Vietnam's electricity needs, Electricity of Vietnam has said.

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