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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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We Energies and Oracle Announce New Agreement for Point Beach Nuclear Plant to Power Project Lighthouse

LCG, October 2, 2026--We Energies, a subsidiary of Milwaukee-based WEC Energy Group, and Oracle today announced an agreement that would allow Oracle to "subscribe" to between 10 percent and 20 percent of the Point Beach Nuclear Plant’s electricity generation. Oracle will provide the carbon-free energy to Project Lighthouse, the data center campus in Port Washington that Oracle is co-developing with artificial intelligence firm OpenAI.

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Industry News

Duke Unit Enters Irish Market

LCG, Nov. 1, 2001--A subsidiary of U.S. powerhouse power company Duke Energy Corp. has entered the Irish market, the Irish Times reported this morning.

Duke Energy International was one of four successful bidders in an auction of virtual power managed by Irish electricity regulator, Tom Reeves. The other successful bidders were the Bord Gis, the independent energy division of Ireland's Electricity Supply Board, and Energia, a subsidiary of the Northern Ireland energy firm Viridian.

Alfred Sorensen, president of the Duke unit, said his company wanted to get to know the Irish market, in anticipation of a developing electricity generation capacity. He said Duke purchased about 50 megawatts of capacity in the auction.

The paper said an ESB subsidiary purchased the maximum 240 megawatts, and cited an Energia source as saying the Ulster firm also acquired 240 megawatts. From this, the Irish Times deduced that Bord Gis purchase the remaining 70 megawatts of the 600 megawatts offered.

Sorensen said Duke had been assessing the Irish market for nearly a year. The company would have preferred to build a greenfield plant, but he said all options were open.

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