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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

Enron Prepared for Higher California Energy Prices

LCG, Apr. 11, 2002--A state senator from California testifies today before a U.S. Senate Commerce Committee on internal Enron documents indicating that the company secured large amounts of electric power and natural gas in mid-2000 before a surge in wholesale electricity prices set off a power crisis in the Western states.

The senator, Joseph Dunn, has prepared remarks concerning evidence that Enron was betting on large price increases. The company said during the height of the power supply crisis in 2001 that it was not deriving benefit from the higher prices, due to the increased cost of obtaining power. It cited such costs as a reason to back out of a direct service, four-year power supply contract with the state university system in February 2001.

Dunn will say of electricity purchases, "we know from the daily position reports, which Enron provided our committee, that as the summer of 2000 approached, Enron's traders had taken increasingly 'long' positions in the market..." According to Dunn, the tracking of gas purchases show the company wanted to become a net seller of gas. Remarks obtained in advance reflect a finding that "staggering shifts, a veritable sea change, from short to long positions are found in Enron's own books."

Additional testimony will cover the company management's opinions concerning the effects of deregulation. Within Enron, a strong supporter of the deregulated marketplace, documents indicated that "internal predictions do not appear to support...hyperbolic promises" concerning lower consumer prices.
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