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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

Storm Damage Cuts Power to 26,000 Maine Residents

LCG, Jan. 14, 2002--A severe storm that brought wet, heavy snow and high winds to Maine yesterday has cut off power to thousands of customers of Central Maine Power, a unit of Energy East Corp.

Although 61,000 residents were without power earlier, the power remains out for 26,000 as of 3 p.m. local time today. According to CMP, the work required to bring seriously damaged circuit equipment and fallen lines back to working condition should last until Tuesday. The area affected within CMP's 11,000-square mile service territory is largely the coastal area bounded by Bath and Castine.

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