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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

California's Trans Bay Cable Gains Momentum

LCG, September 9, 2005--Babcock & Brown Power Operating Partners LLC announced yesterday that it received preliminary approval from the directors of the California Independent System Operator (ISO) for its proposed Trans Bay Cable, a $300 million electric transmission project designed to improve grid reliability and service to San Francisco.

The proposed high voltage direct current (HVDC) cable will extend 55 miles from Pittsburg to San Francisco via an underwater route in the San Francisco Bay and will be capable of delivering up to 400 MW into San Francisco. The project is scheduled to commence operations in 2009. Once completed, the operational control will be transferred to the California ISO.

Babcock & Brown Power Operating Partners LLC stated that approval from the California Public Utilities Commission (CPUC) is not necessary, as the other project participants, the City of Pittsburg and Pittsburg Power Co., are not regulated by the CPUC. Environmental approval is still required in order for construction to begin. On July 21, the Federal Energy Regulatory Commission (FERC) gave preliminary approval for the underlying rate principles.

Babcock & Brown Power Operating Partners LLC is a unit of Australia's second-largest investment bank, Babcock & Brown Ltd., which is based in Sydney.

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