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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

Quebec Approves New Gas-Fired Power Plant

LCG, July 6, 2004--The Quebec government approved the province's first major gas-fired generating facility, the Becancour cogeneration plant, which is scheduled to commence operations in 2007. The plant, located roughly midway between Montreal and Quebec City, is deemed necessary to meet Quebec's forecast electricity demands. Calgary-based TransCanada Corp. is contracted to build the Becancour plant, estimated to cost $500 million, for Hydro-Quebec.

A decision to approve another gas-fired plant Suroit will be delayed, likely into 2005, due to protests and opposition from environmentalists and locals. Historically Quebec has relied almost entirely upon hydro electricity to meet its energy requirements, with surplus electricity to export as well.

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