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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

Mirant to Buy Korean Power Firm, Build Plant

LCG, Dec. 5, 2001--Mirant Corp. of the U.S. said yesterday it plans to acquire Hyundai Energy Company Ltd. and build a 520 megawatt, combined-cycle power plant in southern Korea.

Mirant said the permits and land necessary for the development are already in place and the site has expansion potential for another 1,000 megawatts.

"Our entry into the Korean market marks another step in executing our Asian strategy and moves us closer to achieving our goal of 10,000 megawatts in Asia by 2005," said Rick Keuster, chief executive of Mirant's Asia business group. "As Korea continues its deregulation into the gas sector, we see opportunities to integrate the (Hyundai) project into our global LNG strategy."

The plant site is located in the Yulchon Industrial Complex, a 2,278-acre complex in Cholla province. Construction is expected to be begin in the latter half of next year, with simple cycle operations beginning in the third quarter of 2004. The plants output will be sold to Korea Electric Power Co.

"Korea is a fairly large market, with a growing demand for electricity (and) has all the right ingredients for a strong country-based business," Keuster said. "Through our announced initiatives, we broaden our regional presence, gain technical experience, and position ourselves for the future privatization of the Korean power sector."

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