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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

E·on to Bid $13.5 Billion for Powergen Today

LCG, April 9, 2001Eon, Germany's second-largest utility, this morning said it would offer 5.1 billion ($7.2 billion U.S.) for British utility Powergen. Assumption of almost 4.5 billion in debt pushes the enterprise value placed on Powergen to 9.6 billion ($13.5 billion).

The price, 7.65 per Powergen share, represents an 8.4 premium over the British company's closing price on Friday, but is a 26 percent premium over the share price on January 16, the date Powergen announced it was engaged in negotiations with Eon.

Powergen's acquisition of U.S. utility LG&E Energy last year, the reason for much of its debt, is also in part the reason for Eon's interest. "Our goal is to achieve a leading position in the U.S.," an Eon official said.

The deal is subject to approvals from regulators in the U.S. and Europe. Eon hopes to close the transaction next spring, but left itself free to walk away from the acquisition if clearances are not received by July 2002.

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