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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

Wind Power Energized by Production Tax Credit

LCG, September 28, 2004--The House and Senate approved the Production Tax Credit for wind generation, and President Bush is expected to sign the legislation shortly. The credit, which provides for 1.5 cents for kilowatt-hour of electricity produced, had expired at the end of last year, seriously undermining the economics of new wind projects. The legislation will extend the tax credit retroactively from January 1, 2004 through December 31, 2005.

Wind generation in the United States has grown rapidly. An estimated 1,687 MW of capacity was added in 2003, with total wind capacity approaching 6,400 MW. However, when the production tax credit became bogged down in the national energy bill, investments in wind projects in 2004 were put on hold.

Wind developers are now ready to move forward with the production tax credit extended and other market drivers working favorably with respect to wind. Over the past year, Eastern coal prices have risen significantly, and natural gas prices remain relatively high. With fuel prices high, wholesale electricity prices have been elevated around much of the country. Furthermore, recent state legislation and local goals for renewable portfolio standards are motivating many public and investor owned utilities to actively pursue wind projects.

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