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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

AES Moves on Oman Power-Desalination Plant

LCG, May 7, 2001AES Corp. said Friday that an ad hoc subsidiary has secured $348.6 million in bank financing for a project in Oman that will provide 20 million gallons per day of desalinated water and 427 megawatts of electric power.

AES has an 85 percent interest in the project, AES Barka SAOC, with Multitech, a local partner owning the balance. ANZ Investment Bank and Arab Banking Corp. acted as lead arrangers on the financing, which is subject to the fulfillment of certain conditions precedent.

The power facility is being designed and built by a consortium of Enelpower SpA of Italy and Hitachi Zosen of Japan. AES said it expects the final notice to proceed will be issued on June 1 and has scheduled commercial operations for April 2003.

The electrical and water output from the facility will be sold to the Omani Ministry of Electricity and Water under a 15 year power and water purchase agreement. Gas will be supplied by the Ministry of Gasunder a 15 year natural gas supply agreement.

Venu Nambiar, project director of AES Barka, said, "Work by our contractor is on schedule and we now have completed our bank financing. We expect to produce competitively priced power and water in time for the peak summer of 2003. Since Barka will be among the lowest cost producers in Oman, we believe we can serve electric and water customers competitively for decades to come."

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