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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

PG&E Corporation Given Loan Extension on $431 Million

LCG, October 22, 2002-Creditors of PG&E Corporation gave the company its second extension on its debt payments.

PG&E, parent to San Francisco Bay Area utility Pacific Gas & Electric, had been in communication with lenders for months in order to get more time to pay back $431 million in loans.

PG&E Corp. has been settling debts for unregulated affiliate PG&E National Energy Group, which saw its credit rating fall to junk status earlier this month. On Friday Moody's Investors Service downgraded PG&E National Energy Group's status as the company reported $21 million in losses in the third quarter.

PG&E Corp. asserts the extension, which gives the affiliate until November 14 to pay, will give it the liquidity necessary to operate for more than 3 years.

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