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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

Calpine Cuts Plant Development In 2002

LCG, Jan. 16, 2002--Calpine Corp. announced that it will not proceed this year with 34 power projects that have reached advanced-stage development, while 27 projects now under construction will move towards completion.

By curtailing the projects, the San Jose, Ca.-based company will wait for market prices to recover, and manage its debt load. The move reduces planned capital spending by nearly $2 billion, according to Calpine.

When market conditions improve, Calpine plans to expand its generation portfolio. "While 2002 will be a challenging year for the entire power industry, we believe the underlying, long-term growth in electricity demand, the historic swiftness with which power demand recovers in the wake of a recession, and the recent decisions by many of our competitors to curtail new plant construction wil all work to Calpine's favor," the company said.

Rating agencies Moody's and Standard & Poor's have considered the company to have an unfavorably high level of debt, and had rated its bonds below investment-grade in December of last year.

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