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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

Utah PSC Authorizes Lake Side Power Project

LCG, November 16, 2004--Utah Public Service Commission authorized PacifiCorp and its regulated affiliate, Utah Power, to proceed with the construction of the 534-MW Lake Side Power Project. The gas-fired project will be located northwest of Provo near Vineyard, Utah and is estimated to cost $330 million.

The Lake Side Power Project will be built by Summit Energy, with a target completion date of 2007. The plant will be owned and operated by PacifiCorp.

In March of this year, the Commission also approved Pacificorp's 525-MW, gas-fired Currant Creek power project, which was estimated to cost $345 million. Both plants are expected to be included in PacifiCorp's ratebase.

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