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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

Con Edison to Cut Power, Gas Distribution Charges

LCG, Nov. 29, 2000--Consolidated Edison Co. of New York said yesterday that it had agreed with state regulators on reductions in electric and natural gas distribution rates and stabilize steam rates. The electric agreement also increases protections for low-income customers, the company said.

The New York State Public Service Commission also gave its approval to Con Edison's pending merger with Northeast Utilities. About half of the merger-related savings that apply to Con Edison's electric customers -- some $18.5 million -- will be returned to those customers.

Under the electric portion of the agreement, the utility will extend its restructuring agreement from 2002 to 2003, adding about $1.5 billion of rate benefits to the $1.1 billion provided for in the 1997 agreement. The typical New York City residential customer will save about $50 per year.

Con Edison's gas customers will get a distribution rate cut that will save the typical residential customer about $90 per year.

"These agreements will provide significant long-term savings to our electric, steam and gascustomers," said Eugene R. McGrath, Con Edison's chairman and chief executive. "The agreements will also provide us with the financial capability to maintain and strengthen our service delivery systems in all of our operations."

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