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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

Fiat May Buy Italy's Montedison

LCG, July 2, 2001Italian automaker Fiat, in concert with Electricit de France, was expected to make a five billion-euros ($4.24 billion U.S.) bid for conglomerate Montedison, which controls Italy's largest privately owned utility, Edison.

Montedison announced yesterday that it would sell off 1.14 billion euros ($1.35 billion) of assets, setting off a scramble in the Italian investment community.

Fiat's board called a special meeting, following which it issued a short statement supporting plans to create value from its "own activities in the energy sector by transferring them to a designatedcompany that could acquire a significant stake in Montedison." No mention was made of possible participation by EdF, which already owns a fifth of Montedison.

Italian investment bank Mediobanca then took action to protect its agriculture and energy asset from takeover. Montedison announced that the 1.14 billion-euro asset sale had been made and consisted of selling 29 percent of its La Fondiaria insurance company to Italian insurer SAI and 35 percent of holding company Dieci Investmenti to investor Vincent Bollore of France.

Both SAI and Bollore are considered close to Mediobanca and between them they already have a 6 percent interest in Montedison.

Fiat and EdF may go whole hog for Montedison. The companies were reported to have organized a 20-billion-euro credit line, which would enable it to purchase Montedison's voting shares three times over.

Fiat originally was an acronym for Fabbrica Italiana Automobilii Torino (though in the U.S. it is widely supposed that the acronym means "Fix it again, Tony"). The company produces its own power for its auto plants and sells surplus power in the Italian market.

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