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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

Maine PUC Approves Agreement Supporting Off-Shore Wind Test Project

LCG, January 22, 2014--The Maine Public Utilities Commission (PUC) approved an agreement between the State and Maine Aqua Ventus to support Maine Aqua Ventus in its effort to receive a $50 million federal Department of Energy grant in May for an off-shore wind test project.

The University of Maine, the Maine construction firm Cianbro and the Nova Scotia-based energy company Emera, operating under the name Maine Aqua Ventus (MAV), are seeking to test two, 6-MW wind turbines approximately 2.9 miles off the southern coast of Monhegan Island in the Gulf of Maine. The test project potentially could be expanded to a 500 MW off-shore wind farm. The off-shore turbines would be connected to Monhegan Island and to the Central Maine Power (CMP) transmission grid at Bristol via undersea cables.

Under the term sheet approved by the PUC, CMP will purchase electricity produced by the two turbines at a cost likely higher than the market rate, with CMP ratepayers covering the higher cost. Final terms will be developed later this year and will require PUC approval.

"We appreciate that the PUC has seen the benefits of this project, long-term, not only for Maine but ... the impact it can have on the U.S. as a whole," said Habib Dagher, director of the Advanced Structures and Composite Center at University of Maine.
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