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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

Rising Costs Lead Westar to Defer Decision on New Coal-fired Power Plant

LCG, December 29, 2006--Westar Energy Inc. announced that it plans to defer selecting a site for a new, 600-MW electric generating station due to significant increases in the estimated cost of the coal-fired facility. The company had previously expected to make the site selection by the end of 2006.

The estimated cost has increased from $1 billion to $1.4 billion since the plant was announced in May 2005. With the higher cost, the project is no longer necessarily the low-cost supply to serve the utility's growing demand for electricity in Kansas.

Duke Energy has had similar facility cost increase issues with its planned upgrade and expansion of its Cliffside Steam Station in North Carolina. In May 2005 Duke filed an application with the North Carolina Utilities Commission that included the addition of two, 800-MW coal units. Late this year, Duke announced that the estimated cost has increased from $2 billion to $3 billion. Due to the roughly fifty percent increase in the estimated cost, the Commission has scheduled additional hearings to begin January 17, 2007.





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