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Constellation and Google Announce Strategic Collaboration that Includes 890 MW of New Nuclear Capacity to PJM Grid

LCG, October 6, 2026--Google and Constellation Energy today announced a long-term strategic clean energy collaboration to bring 890 MW of new, reliable, carbon-free nuclear capacity onto the PJM Interconnection grid to meet growing demand and increase grid reliability. The first uprate is expected to be delivered by 2028.

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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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Industry News

Fenosa Backs Out of Deal to Buy AES Colombia Firms

LCG, Oct. 2, 2000Spain's Unin Fenosa has backed away from an agreed-upon purchase of three Colombian power companies belonging to AES Corp. of the U.S., according to Grupo EDC, the Venezuelan electric company acquired earlier this year by the American company.

AES acquired Grupo EDC in a hostile takeover this past summer, paying $1.6 billion for Venezuela's largest publicly traded power company. A tentative deal with Fenosa to acquire the Colombian firms at bargain prices was considered part of the deal.

Grupo EDC officials said last week that the Fenosa arrangement had never been signed and that the Spanish company was having second thoughts. In a statement issued Friday, EDC President Richard Bulger said "We are studying all possible options with respect to these businesses including other saleopportunities or continuing to operate the companies on behalf of all shareholders."

Grupo EDC was profitable in Venezuela for the first half of this year, with its Electricidad de Caracas posting earnings of $9.1 million, but losses by the three Columbia utilities of $14.3 million resulted in an overall loss of $5.2 million.

If it could find a buyer willing to tackle Colombia's drug wars, political guerilla attacks on the power infrastructure and inefficient bureaucracy, it might give the three companies away. Grupo EDC bought them in 1997, paying $280 million for Epsa, which serves the city of Cali, and about $275 million for Electrocosta and Electricaribe.

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