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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

Constellation to Spin Off BG&E

LCG, Oct. 24, 2000--Constellation Energy Group, parent of the Baltimore Gas & Electric Co. utility and of Constellation Enterprises Inc., said yesterday it would spin off BG&E, its retail energy services unit, in a move designed to enhance Constellation's merchant power business.

The move will create two stand-alone, publicly traded energy companies headquartered in Maryland, the company said in a press release. One of them, BG&E, will continue to do business in regional retail energy and energy services and will be chaired by Edward Crooke, who is returning after taking an early retirement as Constellation's vice chairman last January.

"Constellation Energy Group is creating two strategically strong energy companies that will both beheadquartered in Maryland -- each one will be an attractive investment opportunity in the energysector," said Christian H. Poindexter, chairman and chief executive.

Constellation will focus on wholesale power marketing and generating in North America. Its goal will be to establish control over more than 30,000 megawatts of electrical generating capacity by 2005, with the objective of annual earnings growth between 20 and 25 percent.

Goldman Sachs has agreed to take up to a 17.5 percent stake in the merchant energy business after the separation in exchange for $250 million and certain assets related to its power marketing and trading business, and will also help develop Constellation's natural gas trading and marketing operations.

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