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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

Bankruptcy Court Okays PG&E Payment to Calpine

LCG, Dec. 26, 2001--Calpine Corp. said Monday that the U.S. Bankruptcy court in San Francisco has approved payment of more than $265 million by Pacific Gas & Electric Co. for electricity sold to Calpine between December 2000 through April 2001.

Calpine said without elaboration that the back bills were those of its "qualifying facility" affiliates. The company was likely referring to The Geysers, 14 geothermal power plants purchased from PG&E in May, 1999 for $212.8 million.

The Geysers, located about 90 miles northeast of San Francisco in Sonoma and Lake counties, is the world's largest producing geothermal resource, with more than 1,000 megawatts in production. It has been in operation for 39 years and Calpine has been active there since 1987.

The court's order calls for PG&E to make monthly payments to Calpine beginning this coming December 31 and continuing until the earlier of Nov. 30, 2002, or the date when PG&E's plan of reorganization becomes effective.

Calpine said it planned to sell the receivables in order to generate cash proceeds in this calendar year.

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