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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

Bank of America Wants to Trade Electricity

LCG, September 12, 2002-The Bank of America has asked the Federal Energy Regulatory Commission to allow it to participate in the electricity market.

FERC received the institution's filing last week and will determine whether or not to grant it a license.

Bank of America, which is based in North Carolina, began trading electricity derivatives over a month ago. The bank asserts that, because it is a liquid and creditable agent, its involvement in trading will benefit the electricity market at a time when many market players have to be somewhat more conservative about market participation.

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