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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

Sierra Pacific to Sell Interest in Nevada Coal-burner

LCG, Oct. 20, 2000--Sierra Pacific Resources Inc. said yesterday that it would sell its 50 percent interest in the Valmy Steam Plant, a two-unit, 521 megawatt coal-fired powerhouse located near Winnemucca, Nev., to NRG Energy Inc. of Minnesota.

NRG will pay Sierra Pacific $273.3 million for the facility and other small generation facilities, net of minor adjustments. As part of the deal, Sierra pacific will have the right to but power and ancillary services for agreed upon prices through early 2003.

The company said the sale of generation assets including Valmy, which was owned by Sierra Pacific Power Co. when it Merged with Nevada Power Co. to form Sierra Pacific Resources, is a regulatory condition of that merger.

Sierra Pacific sold its 14 percent interest in the big Mohave Generating Station in Laughlin, Nev., to AES Corp in May and expects to complete the sale of its other power plants next year.

The sale of Valmy, which is subject to approval by various regulatory bodies, is expected to close by next summer.

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