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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

Midwest ISO and Southwest Power Pool Will Merge

LCG, Feb. 25, 2002--The directors of the Midwest Independent Transmission System Operator Inc. (ISO) and Southwest Power Pool Inc. (SPP) gave their approval to a merger of the two power transmission grid managers.

The resulting organization would have responsibility for transmission operations in twenty states and in the Canadian province of Manitoba. The Midwest ISO projects that it will submit required documents to FERC by March 15, and finalize the merger by the close of the second quarter.

The nonprofit Midwest ISO is currently negotiating with the for-profit Alliance RTO, following a December order from FERC for the two to merge, based on transmission bottlenecks that could persist if the two remained separate.

Some state representatives have asked for more justification for FERC's emphasis on the RTO concept. FERC, which is making the right of utilities to compete in deregulated power markets dependent on their membership in an RTO, will release a cost-benefit study next week, according to a spokesman.

Negotiations over the possible terms of a Midwest-Alliance merger were held up most recently when members of the Midwest ISO found Alliance's proposed transmission rates unacceptable. The Alliance RTOs members include Indiana Michigan Power Co., American Electric Power Co Inc., and Northern Indiana Public Service Co.
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