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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

Greece-Europe Power Links Established

LCG, July 10, 2002--High-voltage power lines allowed the flow of electric power between Greece and Italy for the first time yesterday, as the two countries' prime ministers, Costas Simitis and Silvio Berlusconi respectively, participated in a high-profile ceremony.

The connection between each nation's power grid takes the form of a 163-kilometer (102-mile) underwater cable, under construction beginning in 1997. Greece lacks land borders with other European Union countries, but will likely see an economic benefit from the ability to import and export power as needed. Seventy-five percent of the cable's cost was borne by Italy, while the remaining twenty-five percent was funded by Greece.

Greece now imports natural gas from Russia, and has signed an agreement to receive gas from Iran through a new pipeline through Turkey. The country's leaders are also interested in establishing a pipeline to Italy.
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