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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-Conectiv Merger Clears Two Federal Hurdles

LCG, Aug. 8, 2001--The proposed merger between Potomac Electric Power Co. and Conectiv Inc. has been approved by the Federal Trade Commission and the Justice Department, Pepco said yesterday.

The companies expect the transaction to close in the first quarter of next year, though approvals are still required from the Securities and Exchange Commission and several state agencies.

The combination, which would put Pepco and Conectiv's Atlantic Energy Co. and Delmarva Power & Light Co. under the same ownership, would create the largest electric company in the mid-Atlantic region, with almost two million customers in the District of Columbia, Virginia, Maryland, Delaware and New Jersey.

Under the deal, Pepco would pay $2.2 billion in cash and stock for Conectiv and assume $3.2 billion of Conectiv's debt.

Shareholders of both companies approved the merger in July, and yesterday expressed their pleasure with the federal approvals by sending the stock of the two utilities higher. Pepco's stock was up 38 cents to close at $21.86 a share, while shares of Conectiv were up 56 cents to close at $23.22.

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