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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

FERC to Require Reporting When Reliability Standards Not Met

LCG, Dec. 17, 2003--The Federal Energy Regulatory Commission (FERC) intends to require that utilities report instances in which they fail to meet voluntary standards set by the North American Electric Reliability Council.

The Chairman of FERC, Pat Wood III, said that as long as the scope of FERC's authority to enforce standards remains in doubt because of the stalled energy legislation in Congress, requiring reporting would be a first step before NERC's voluntary standards could become legally binding. The reporting requirement could become effective before summer, Wood told the agency.

In addition to the reporting requirement, for which support has been expressed by other commissioners as an initial step in improving reliability, FERC might undertake audits of utility performance. The audits could be used to verify compliance by individual utilities.
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