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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

Alliant Energy Plans to Construct Iowa Plant

LCG, May 1, 2002-The Interstate Power and Light utility subsidiary Alliant Energy Corp. announced intentions to construct a $400 million plant in Iowa.

The Alliant's pending natural gas-fired plant would generate 500 MW, but its location is yet to be determined.

Sites near Independence City and Mason City are being considered, and the plant is tentatively planned for operation beginning in 2004.

The company reported receiving twenty bids, and Interstate Power and Light was chosen to build the plant.

Alliant will accept bids for renewable energy development, to be decided upon in two weeks. The company also plans to take proposals for a new coal-fired plant later this year.

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