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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

BP and Reliant Respond to Western Manipulation Fine

LCG, Apr. 18, 2003--BP Energy and Reliant Resources, having received a "show cause" order from the Federal Energy Regulatory Commission regarding "apparent" market manipulation by traders they employed, responded this week by saying the penalties proposed were excessively punitive.

Three separate incidents were cited by FERC in which a BP trader initiated discussions on electric power trades to be conducted at Arizona's Palo Verde trading hub. As part of a penalty, FERC could strip the companies' licenses to trade.

Reliant Resources said that consideration should be given to the company's having revealed evidence on a trader's practices and communications that served as the basis for FERC's order. Company representatives also said that while the actions by the former trader were "plainly wrong," no harm actually occurred in the market, as the trades were not outside the market levels seen at the time. Reliant also said it had undertaken "significant and meaningful reforms in its trading operations."

BP asserted that the trades were not meant to manipulate the market, and did not lead to profits being realized by its trader. While it said it "regrets and apologizes for the trader's conduct relate to these trades," BP Energy contended that stripping its license would be "significantly disproportionate to the alleged misconduct."

Reliant Resources announced in early March that it would exit energy trading following an $80 million loss it suffered in the natural gas market.
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