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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

Governor Signs Power price Cap Bill

LCG, Sept. 7, 2000California Gov. Gray Davis yesterday signed legislation that will roll back power prices in the southernmost portion of the state to roughly where they were before electricity consumers started using more juice than was readily available.

The price cap of 6.5 cents per kilowatt-hour, retroactive to June 1, is about a quarter of the $250 per megawatt-hour that San Diego Gas & Electricity Co. paid the California Power Exchange for electricity that is sold without markup to its customers at 25 cents per kilowatt-hour a price that caused a typical householder's electric bill to run around $125 in a hot month.

The hue and cry from wounded power consumers who were used to $60 electric bills was enough to prompt the artificial expedient of a politically-imposed price cap, but someone will have to pay the difference and it looks like that someone is SDG&E. The utility will have the opportunity to get its money back later, if it can find a source of power at less than $65 per megawatt-hour.

In signing the bill yesterday, Gov. Davis said "In the short term this will ease the uncertainty of San Diego energy prices. When it comes to predicting their electric bills, San Diego consumers have been in the dark long enough."

The governor did not, however, sign another bill that would have provided state funds to pay for up to $150 million of the price cut.

SDG&E spokesman Doug Kline said "Our customers need relief but the bill that the governor signed into law today is seriously flawed. It is a quick political fix that puts on layaway today's high energy costs until 2003 or 2004." He estimated the measure will cost his company $664 million by the end of 2002 and that could increase to $839 million in another year.

The governor did sign a second energy-related bill that aims at speeding up the approval process for new power plants.

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