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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

California Files Suit Against PG&E Corp.

LCG, Jan. 11, 2002--The state attorney general of California, Bill Lockyer, filed suit on Thursday against PG&E Corp., on the grounds that fraud was committed when Pacific Gas & Electric, the regulated utility, transferred over $4 billion to its corporate, unregulated parent.

According to Lockyer, when the details of electric power deregulation were being worked out, PG&E Corp. had committed itself to insuring that Pacific Gas & Electric would remain financially stable. The Public Utilities Commission made the formation of PG&E Corp. as an unregulated holding company conditional on such an understanding, the suit asserts.

On Wednesday, the PUC ruled in a 3-2 vote that although the holding company is unregulated, the state nonetheless has the authority to sue it. Lockyer commented, "When you follow the money between the child and the parent, what you find is that all the money in this system went form the chld to the parent."

The regulated utility transferred $4.6 billion through 2000 to the holding company, when one-third of its revenues were transferred. In April of 2000, it cited $13 billion worth of debt in seeking bankruptcy protection.

A statement by Locker alleged that "the corporation deliberately failed to disclose its true intentions and misled the California Public Utilities Commission to gain approval of its holding company structure." PG&E Corp. responded to the suit by saying its intended effect was "to obstruct our utility's plans for emerging from bankruptcy."

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