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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

Petroleum Reserve Purchases Should Be Put on Hold, Senate Resolution States

LCG, Mar. 15, 2004--High gasoline prices have prompted a number of Senators to advocate that further purchases of oil for the purpose of adding to the national Strategic Petroleum Reserve be put on hold, a step that the Bush administration has resisted taking.

Similar calls were made by former Vice President Gore when he campaigned against then-Governor Bush for the presidency, although he had earlier called such use of the Reserve vulnerable to further supply cuts by foreign oil producers. At the time, Treasury Secretary Lawrence Summers and Federal Reserve Chairman Alan Greenspan advised that a Gore proposal to allow purchases from the Reserve by domestic oil companies was not a good use of the SPR, which was created following the oil embargo of the 1970's.

Just as he was during the presidential campaign, President Bush has remained opposed to lowering the requirements for holdings of oil in the Reserve, and his administration has no plans for putting purchases on hold. Currently, the level of the reserve, made up of crude oil stored among four sites in Texas and Louisiana, stands at 643 million barrels, out of a possible 700 million barrels at its maximum possible level.

A nonbinding resolution passed by the Senate would prevent the federal government from making purchases until October 2005. Top House Republicans are reportedly opposed to the measure. The Department of Energy has stated the the reserve "should be used only for protection against oil supply disruptions, not to manipulate price." Its sponsors, Sen. Susan Collins, R-Me., and Sen. Carl Levin, D-Mich., have said that allowing oil to enter the marketplace rather than being added to the SPR could bring gasoline prices down by 10 to 25 cents per gallon.

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