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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

Regulators to Probe Rising CostsFor Silicon Valley Wires Upgrades

LCG, Aug. 24, 2001--The California Public Utilities Commission voted yesterday to hold hearing into the soaring costs that threaten plans by Pacific Gas & Electric Co. to make much-needed improvements to power transmission facilities serving Silicon Valley.

Sarah Thomas, a CPUC administrative law judge, warned earlier this month that the rising costs would delay PG&E's project. She said existing facilities "will be insufficient to meet demand as early as summer 2002, and it will take PG&E some time to build the project."

Silicon Valley, the heart of the U.S. high-tech industry, is a 40-mile stretch of the San Francisco Peninsula, beginning at Palo Alto in the north and extending just beyond San Jose in the south. PG&E has planned improvements which would include a new 7.3 mile, 230 kilovolt transmission line, a new switching station and some other upgrades.

But the company says that a change in the route from its recommendation and a new requirement that the line be underground, with cable that must be ordered from France, have more than doubled the cost of the project to $182 million, a big hit for a utility that finds itself in bankruptcy court.

PG&E faces a similar transmission upgrade in the Tri-Valley area, a region on the east side of the Oakland Hills that has several fast-growing suburbs and a high-tech industry that spilled over from Silicon Valley.

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