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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

Consumer Group Sues CPUC Over 'Ratemaking' in Bankruptcy Plan

LCG, Apr. 11, 2002--A lawsuit has been filed today in the California Supreme Court by the Foundation for Taxpayer and Consumer Rights against the state Public Utilities Commission over the agency's plan to direct ratepayer revenue to paying down the debt of Pacific Gas & Electric Co.

Doug Heller, the group's spokesman, said, "by state law, the commission is not allowed to do ratemaking in closed session. If they are proposing an alternate PG&E plan to extend a rate hike, that's doing ratemaking." The CPUC has been given a deadline of April 15 by U.S. Bankruptcy Court Judge Dennis Montali by which it must submit a more detailed reorganization plan to be considered alongside Pacific Gas & Electric's own plan.

The CPUC plan would cause Pacific Gas & Electric to suspend shareholder dividends, refinance long-term debt, and would maintain retail electricity rates at current levels. When the CPUC's plan was first released for review, president Loretta Lynch said that Pacific Gas & Electric was building cash reserves because it was receiving higher revenues from power sales than the cost of supplying the power. The company contended that the CPUC's plan severely underestimated the amount of PG&E's debt and liabilities.
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