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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

British Energy Struggles with Losses

LCG, Aug. 29, 2002--Losses experienced by British Energy through its power generation portfolio are serious enough to have led to the British government's holding high-level talks concerning possible government assistance.

Operating losses have amounted to approximately $60 million in the fiscal year just past, up by 70 percent compared to losses in the previous fiscal year. British Energy was privatized in 1996, and supplies Britain with one-quarter of its power needs through eight plants, including highly efficient nuclear generators.

Analysts say that part of its difficulties could be alleviated if it were not required to pay levies intended for climate control, as plants producing greenhouse gases do. Additionally, the effect of the collapse of Enron and the subsequent decline of liquidity and stricter credit control in the wholesale power market have dampened the potential for using derivatives for risk-management purposes.

The Torness plant in Scotland has had to be closed, following malfunctions in key gas circulation turbines. The government is said to be considering a possible bailout and return to partial or full public ownership, although even the infusion of cash brought by such a bailout would not necessarily end the company's problems. "It's almost inconceivable that the government would let British Energy go into receivership," commented Roger Reynolds, at Credit Suisse First Boston, in the New York Times.
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