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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

Indian Buyers Seek 'Due Diligence' on Dabhol

LCG, Nov. 13, 2001--Tata Power Co and BSES Ltd. will start valuing the assets of Dabhol Power Co. assets in a few days in anticipation of a possible purchase of Enron Corp.'s majority stake, the Industrial Development Bank of India said yesterday.

The two Indian utilities hope to begin a "due diligence" inspection of financial records and operations with a view to arriving at a offer price for Dabhol's $2.9 billion power plant on the west coast of India, Reuters news agency said.

Tata and BSES hope to acquire Enron's 65 percent interest in Dabhol, plus the 10 percent each owned by General Electric Co. and Bechtel Enterprises, both of the U.S.

Enron has said it wants $1 billion for its 65 percent in Dabhol, but Indian sources say that 85 percent of the company could be had for around $800 to $900 million.

"The sale price of the shareholding of Enron and its associates in DPC would be decided by the concerned parties through mutual negotiations," the IDBI said in a statement.

Indian lenders to the Dabhol project account for about $1.4 billion of its debt, and they are casting a wary eye to news about Enron emanating from the U.S. They fear that if Enron is unable to sell its stake and terminates its contract with the Maharashtra State Electricity Board, it could end up defaulting on its loans.

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