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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

Poland Gives PSEG Right to Buy Power Plant

LCG, July 2, 2001The Polish government on Friday said it had granted Public Service Enterprise Group of New Jersey exclusive negotiating rights to purchase a controlling interest in a power plant in the town of Skawina.

The coal-fired, 590 megawatt Skawina plant produces about 20 percent of the power consumed in the Polish province of Krakow. It is the final power plant expected to be sold by the Polish government this year, though two cogeneration plants and an electric distribution company are to be privatized.

PSEG beat out competing bids by an Electricit de France-controlled local generator, another French company Snet, and two privately-held firms.

PSEG, already active in Poland, is in the process a $335 million, 200 megawatt cogeneration facility in the industrial southwest of the country.

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