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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

Water Authority Agrees on Buyout Offer for Nevada Power

LCG, July 19, 2002--A meeting of the Southern Nevada Water Authority board resulted yesterday in a unanimous vote to tender an offer for Nevada Power Co., under the holding company Sierra Pacific Resources.

The water authority is affiliated with the Las Vegas Valley Water District, and provides municipal governments with water. It has been in discussions with Morgan Stanley, the investment bank, concerning underwriting of a buyout. The organization's general manager, Pat Mulroy, drew attention to Long Island, N.Y., which undertook a buyout of an investor-owned utility, resulting in the Long Island Power Authority.

According to Mulroy, the risk to ratepayers if Nevada Power is not bought out is in the form of higher rates, as the power company tries to improve its credit rating and overcome a poor cash situation. She said that with a buyout, rates would not have to rise.

The mayor of Las Vegas, Oscar Goodman, raised the issue of a loss of property taxes and franchise fees, now at about $26 million. Lyle Miller, managing director of Morgan Stanley, responded that under such situations, a utility often makes payments in lieu of taxes. A North Las Vegas City Council member, Shari Buck, described herself as a "cautious supporter" of the possibility being raised, and said her interactions with Nevada Power have been "very very positive."
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