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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

Judge Lets PG&E Pay Some Creditors

LCG, April 1, 2002-Northern California's bankrupt utility Pacific Gas & Electric was allowed to pay some of its creditors, according to Wednesday's ruling by U.S. Bankruptcy Judge Dennis Montali.

PG&E can now pay back $790 million it owes to eighteen fund managers.

While Judge Montali opposed the repayment at first, he approved the plan because creditors would be allowed to choose by which method PG&E would emerge from bankruptcy.

Meanwhile, creditors have yet to receive ballots on what will be done about the rest of PG&E's reported $12.5 billion debt. Both PG&E and the California Public Utilities Commission have come up with plans to remedy the bankruptcy, and Judge Montali ruled that creditors shall vote later this year on which of the two is best.

Some, such as U.S. Bankruptcy trustee Linda Stanley, think that allowing PG&E to pay down some debt now will sway creditors to vote for the utility's plan rather than the Commission's.

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