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Constellation and Google Announce Strategic Collaboration that Includes 890 MW of New Nuclear Capacity to PJM Grid

LCG, October 6, 2026--Google and Constellation Energy today announced a long-term strategic clean energy collaboration to bring 890 MW of new, reliable, carbon-free nuclear capacity onto the PJM Interconnection grid to meet growing demand and increase grid reliability. The first uprate is expected to be delivered by 2028.

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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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Industry News

FERC Okays PG&E Plan to Protect Non-utility Assets

LCG, Jan. 15, 2001The Federal Energy Regulatory Commission has approved a plan by PG&E Corp. to make changes in its corporate structure which would shield the bulk of its assets from the credit problems of its Pacific Gas & Electric Co. subsidiary, the Wall Street Journal reported this morning in its on-line edition.

The paper said there were no challenges to the proposal which was announced in a public notice issued on December 28. Consumer advocates said they were unaware that PG&E had made the filing with FERC.

Mike Florio, a lawyer with TURN (The Utility Reform Network, ne Toward Utility Rate Normalization), said he was "astonished" that FERC had approved the company's request without consulting the California Public Utilities Commission.

Alan Glover, the company's bankruptcy attorney, said the idea of the restructuring is "to protect the equity value" of the nonutility parts of PG&E Corp. "so they have independent credit vitality." He said the reorganization was a "neutral act" for utility creditors.

The plan calls for PG&E Corp. to set up a new company that will hold all of the parent corporation's nonutility assets. PG&E Corp. would appoint a seven-member board of control and received all of the new entity's profits.

Credit rating firm Standard & Poor's reacted favorably to FERC's action, noting that the new structure would "ring-fence" PG&E Corp.'s unregulated power trading and merchant power subsidiaries in the event of bankruptcy being forced upon Pacific Gas & Electric.

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