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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

Peco, Unicom Combo Clears Final Hurdle

LCG, Oct. 20, 2000--The pending $7.8 billion merger between Peco Energy Co., the old Philadelphia Electric co., and Unicom Corp., parent holding company for Commonwealth Edison Co. of Chicago, has been approved by the Securities and Exchange Commission, the companies said yesterday in a joint release.

The combination will create one of the largest electricity companies in the United States, with 5 million electricity customers and annual revenues of more than $12 million. It will also create the world's largest non-government generator of nuclear power, with about 20 percent of the U.S. nuclear generating capacity.

The companies said they would complete paperwork with their respective states today and the new company, Exelon Corp., would begin trading on the New York Stock Exchange on Monday.

Peco's Corbin A. McNeill Jr., who will be Exelon's chairman and, with ComEd's John W. Rowe, co-chief executive, said predictable that the deal was good for customers, employees and shareholders. "Customers will gain the benefits of our combined resources and best practices, employees will have greater opportunities for career growth and shareholders will be invested in an industry leader."

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