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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

AEP Business Unit Split Approved by FERC

LCG, Sep. 27, 2002--American Electric Power Co. (AEP) will seek approval from the Securities and Exchange Commission to separate its regulated and unregulated business units, after the Federal Energy Regulatory Commission allowed the plan, according to the company.

The plan is meant to allow the company to meet requirements under legislation in Ohio and Texas, both states where transmission and generation functions must be separate. AEP said in a press release that having the units as distinct entities would make activities in the separate companies more transparent to investors, and allow each to raise capital more efficiently.

The Securities and Exchange Commission's chairman, E. Linn Draper Jr., said he is "optimistic" about the prospects for approval from his agency, and thinks the proposed move can be finalized by the end of the year.
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