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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

New Lawsuits Driven by California's Energy Crisis

LCG, July 12, 2004--San Francisco County and Santa Clara County filed separate lawsuits against natural gas providers and marketers alleged to have conspired to increase the price of gas during California's energy crisis, costing consumers billions of dollars. Named in the suit are San Diego-based Sempra Energy and three subsidiaries (Sempra Energy Trading, San Diego Gas & Electric and Southern California Gas), plus Aquila, Coral Energy Resources, Dynegy, EnCana, Reliant Energy, and CMS Energy.

The suits were filed July 8, 2004 in San Diego Superior Court, and the counties are seeking damages for paying inflated prices for natural gas. Nancy Fineman, an attorney for San Francisco and Santa Clara counties, stated, "These companies were working together during the energy crisis to make enormous profits for themselves at the expense of California consumers."

Sempra spokesman Doug Kline was quick to label the suits "meritless."

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