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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

India Says AES Could Take Over Enron's Dabhol

LCG, June 28, 2001India's federal power minister said this morning that there would be no objection raised if U.S. electricity company AES Corp. were to take over the Dabhol Power Co. in Maharashtra state from American energy giant Enron Corp.

Enron and lenders to the 2,184 megawatt Dabhol project have reached an impasse with the Indian federal government, Maharashtra state, the Maharashtra State Electricity Board and Maharashtra regulators over payment for power produced by Dabhol and sold under a six-year-old contract to the MSEB.

The 740 megawatt fist phase of Dabhol began commercial operations last year and the MSEB has repeatedly defaulted on payments for power, forcing Enron to exercise state and federal guarantees. Maharashtra has escalated the confrontation by saying it now wants to renege on its obligation to accept power from the 1,444 megawatt second phase, which is nearing completion.

Enron and its non-Indian lenders have authorized Dabhol to terminate its agreement with the MSEB and lay recovery of their investments before the International Court of Arbitration in London, a move that would further tarnish India's reputation as a safe haven for foreign investment.

Federal Power Minister Suresh Prabhu said this morning "If both parties agree we have no problem. We will encourage any investment in the power sector, so AES is welcome."

AES Corp.'s Indian subsidiary acknowledged it was interested in Dabhol but had neither made nor received a proposal. The company said in a statement that it "has a long-term view of the Indian power market and would consider getting involved with the Dabhol and other projects if an appropriate opportunity presents itself."

AES, which has been involved in the Indian power sector for nearly a decade, said in its statement "The commitment and willingness of parties to a contract to honor their commitments is an important consideration for our investment decision in any project."

Enron might point out that "commitment and willingness to honor contracts" is at the root of its problems with Maharashtra.

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