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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

Nevada Utilities Contract for 50-MW Solar Plant

LCG, December 23, 2002--Power purchase agreements have been signed by two Nevada utilities, Nevada Power and Sierra Pacific Power, for output from a planned 50-megawatt solar plant to be built by Duke Solar, a Duke Energy affiliate.

Nevada Power has contracted for about two-thirds of the plant's generation, while the remaining third will go to Sierra Pacific Power. Duke has indicated that the facility, near Boulder City, will start operation in March 2005. The price at which at the power would be purchased was not revealed.

The purchases follow a half dozen contracts for 227 megawatts of wind and geothermal power, based on a state requirement next year that five percent of Nevada utilities' sales be from renewable sources. Next year's requirement will not be met by the utilities. By 2005 and 2006, however, the corporate parent of Nevada Power and Sierra Pacific Power, Sierra Pacific Resources, should meet and then surpass the requirement, which is due to increase to 15 percent by 2013.

The plant to be built will heat oil by using parabolic troughs lined with mirrors. The oil will then heat water for use in a steam turbine.
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