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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

Pepco May Buy Conectiv, Paper Says

LCG, Feb. 8, 2001Potomac Electric Power Co. is in negotiations to acquire Conectiv Inc. for around $2 billion in cash and stock, the Wall Street Journal reported this morning, speculating that a deal could be announced "within days."

According to the paper, several issues remain to be resolved and the talks could fall apart. In addition, a rival buyer could emerge at the last minute.

With those caveats, the Wall Street said Pepco is offering a half cash, half stock deal that would value Conectiv at close to $25 per share, a premium of $6 over its closing price yesterday and about $4 over its 52-week high. Pepco is also expected to assume nearly $3 billion in Conectiv debt.

Conectiv, which was created from the merger of Delmarva Power & Light Co. and Atlantic Energy Inc., serves about a million customers in Delaware, Maryland, New Jersey and Virginia, all states that have deregulated their electric industries. The company is considered small to play in a competitive market. Without any bad news, the value of its stock has dropped by about an eighth in the past two years.

Pepco has been trying to break out of its Washington, D.C., market, and in 1997 came close to merging with Baltimore Gas & Electric Co. before regulators attached onerous conditions.

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