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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

AES May Challenge U.K. Over Aid to Energy Co.

LCG, April 8, 2003AES Corporation, owner of the Drax power station, may challenge the British governments decision to give 2.1 billion pounds in aid to British Energy.

AES finds the financial assistance is unfair because, AES believes, the energy market will be negatively affected and electricity prices will not rise with the market.

Late last year the European Commission approved up to 889 million pounds in aid to British Energy in order to guarantee electricity supply and nuclear safety.

TXU Europe, the large Drax plants major customer, collapsed recently. Its demise forced AES to reconsider its financial situation regarding Drax. AES may participate in a debt-for-equity trade with Drax creditors for greater than 1 billion pounds.

AES is likely to decide whether or not to go ahead with the challenge this week. If the company takes the issue to court, it is likely to file with the European Court of First Instance.

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