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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

California Okays $400 Million for Power Purchases

LCG, Jan. 19, 2001California Gov. Gray Davis signed two electricity-related bills yesterday evening, one of which will revamp the board of the California Independent System Operator. The other rescinds the portion of the state's 1996 restructuring law that requires the state's investor-owned utilities to sell their non-nuclear power plants.

Neither measure promised much help for Californians who endured a second day of rolling blackouts.

But late yesterday the legislature approved a measure that would provide $400 million to the California Department of Water Resources so it can continue to purchase power for the state's two largest electric utilities, which have been impoverished by subsidizing customers.

Davis said he would sign that bill today. "We're being asked to keep the lights on," he said. "If it requires some money, then money will be appropriated."

State Senate President Pro-Tem John Burton, a San Francisco Democrat, introduced a bill yesterday that would create a public power authority to finance construction of new power plants, help modernize older plants and finance energy conservation programs.

Burton said he was "taking aim at the astronomical energy prices in California."

The state Senate also debated a measure, passed on Tuesday by the Assembly, that would allow the Department of Water Resources to enter into long-term contracts with power producers to purchase electricity at no more than 5.5 cents per kilowatt-hour.

Some lawmakers questioned whether a state agency would be able to buy power that cheap. Power producers have said the soaring price of natural gas, the fuel of choice for thermal power plants in California, has made the rock-bottom price somewhere around 7 cents or 8 cents, even for a lot of power over a long period.

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