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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

Xcel Expands Plans for Wind Power in Minnesota

LCG, February 2, 2007--Xcel Energy announced earlier this week its plan to construct its first wind farm in Minnesota. The wind project is estimated to cost $210 million and scheduled to be complete by 2009. The new facility would have an electric generating capacity of 100 MW.

Xcel Energy's use of wind power in Minnesota took another step forward last month when it was announced that project financing for the Fenton Wind Energy Project, a 205-MW project under construction in Minnesota, was complete and that energy from the project is to be sold to Northern States Power, a subsidiary of Xcel Energy. The power output will be purchased under a 25-year agreement. The facility includes 137 GE wind turbines, each with a capacity of 1.5 MW, and is scheduled to start commercial operations in the second half of this year. enXco, Inc. is the developer of the Fenton Wind Energy Project.
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