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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

Utilities Get Different Results in Competitive Pennsylvania

LCG, Oct. 26, 2000--GPU Inc. this morning reported a greater decline in earnings than it had predicted, and blamed the "shortfall" on electric industry restructuring in Pennsylvania. The company said its net income for the third quarter was $104 million, or $0.86 per share, against $148 million, or $1.18 per share, for the same period last year.

GPU is doing something wrong.

On Wednesday, PPL Corp., whose first initial stands for "Pennsylvania," reported record quarterly earnings for the third time this year. That's three out of three and the company said the record earnings "can be directly attributed to the company's success in capitalizing on opportunities offered by thecompetitive energy marketplace."

PPL's third quarter 2000 earnings were $0.81 per share, 47 percent higher than similarly adjusted earnings of $0.55 per share reported a year ago.

William F. Hecht, PPL's chairman and chief executive, said "The most dramatic example of our success is in the electricity generation and marketing businesses. Our company achieved excellent operating performance at our generation facilities throughout 2000, and we optimized the value of this performance through our wholesale trading and marketing activities in energy and related commodities."

GPU take note.

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