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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

Puget Energy Says California Caps Affect Us, Too

LCG, Nov. 3, 2000--Puget Sound Energy Corp. has requested federal regulators to uniformly impose price caps on sellers of wholesale electricity in both the California and Pacific Northwest power markets.

Puget Energy said that price caps set only in California without the same applied in the Pacific Northwest would result in California buying Pacific Northwest power at artificially low prices when they needed it and Pacific Northwest customers paying higher costs when the need is reversed.

"Generally, we do not favor price caps since they do not allow a wholesale market to workcompetitively," said William A. Gaines, Puget Sound Energy vice president of energy supply. "But inthis case, the only thing worse than a price cap is a price cap on only part of the market."

Gaines' remarks came in anticipation of power price limits that could be imposed by the Federal Energy Regulatory Commission in the wake of the agency's investigation into California's wholesale electricity market.

"While Puget Sound Energy strongly supports a competitive marketplace, any federal action thatwill alter the wholesale electric market in one region, needs to apply to all affected parts of thatregion," Gaines added.

In a complaint filed with FERC, Puget Energy pointed out that thousands of power transaction occur each month between California and the Northwest, and told the federal regulators that it is "unfair and unduly discriminatory to protect wholesale purchasers in California with a price cap and yet deny similar protection to wholesale purchasers in another part of essentially the same market, i.e. the Pacific Northwest."

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