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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

ERCOT Ready for Texas Dereg on New Year's Day

LCG, Dec. 7, 2001--With the Public Utilities Commission of Texas set to give the final green light for retail electric competition in the Lone Star State, the state's independent system operator says it is ready for the January 1 opening of the electric market.

The Electric Reliability Council of Texas, one of ten regional councils of the north American Electric Reliability Council, is the ISO for the state, and will manage its transmission system under deregulation.

"Fundamentally, I think it (is) clear to everyone that the system is ready to go forward," Tom Noel, ERCOT chief executive, said. "Unless we have a major hiccup, we expect to be in full retail choice operations on January 1, 2002."

Final go-ahead for the program could come today at the PUCT's Friday meeting, or early next week. At today's meeting, the commission is expected to set a base price for Texas' local utilities to charge customers.

Local utilities would not be allowed to sell power below the base price, which would be the price that alternative suppliers would have to beat to induce customers to switch. The base price will remain in effect for three years or until a utility loses 40 percent of its customers to competition.

"This is intended to set a bright line against which new competitors can compete," Noel said.

Noel expects none of the problems that afflicted California's attempt to deregulate its electric industry. "We've been working hard on this for seven years. California worked on it only two. And we've had a retail pilot program in place for the past seven months, which gave us a chance to work out the bugs," he said.

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