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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

Gas-fired Plant Under Construction in Colorado

LCG, Mar. 6, 2002A joint venture of Colorado Springs Utilities and El Paso Corp., of Houston, has begun construction of a gas-fired, combined-cycle 480-megawatt power plant just south of the Ray D. Nixon power plant, near Fountain, Colorado.

Steve Christensen, project manager at Colorado Springs Utilities, said the plant will lower the utilitys need for purchases from the open market, and supply half of Colorado Springs electricity needs during peak demand. The plant, named Front Range Power, is expected to be operational in spring 2003.

Colorado Springs Utilities, which has $40 million invested in the plant, said it will use 80 gallons of water per minute for steam turbines, compared to hundreds or thousands of gallons used by traditional gas-fired plants.
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