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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

New Brunswick Power Plant to Be Built at Oil Refinery

LCG, Oct. 24, 2003--A 90-megawatt cogeneration plant has been planned by TransCanada Corp. and Irving Oil Ltd., which owns the Saint John, New Brunswick oil refinery.

The two companies envision a tolling arrangement under which TransCanada will own the Grandview cogeneration plant, while Irving Oil would supply natural gas to fuel the plant and purchase both the electricity and heat it generates. The agreement is scheduled for a 20-year period.

The plan was first announced in July 2002, but this week's announcement indicated that construction should begin next month, with operations planned to start before the end of 2004.

Irving Oil's Saint John refinery is the largest in Canada. The company will obtain natural gas for Grandview from the Sable Offshore Energy Offshore Energy Project, next to Nova Scotia.
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