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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

SCPPA to Build 250 MW Plant

LCG, September 19, 2002-The Southern California Public Power Authority plans to construct a 250-megawatt combined-cycle power plant.

The Magnolia Power Project will be constructed in Burbank, California by Kvaerner E&C at a cost of $112 million. Total plant costs are estimated to be $215 million.

Initial engineering has begun, but outright construction will have to wait for the completion of licensing.

The plant will be located at the same site as two decommissioned generators, which will be dismantled and removed before the new generator is constructed.

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