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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

EU Sets Energy Market Retail Deregulation Date

LCG, November 26, 2002-EU Ministers announced that residents will be able to choose electricity suppliers beginning July 2007.

The business energy market will be opened to competition in 2004, and EU leaders have finally agreed to open the market for homeowners in 2007.

France has been the major opponent of liberalization, initially putting off serious comment earlier this year because of elections. France is unwilling to compromise the position of its state energy company Electricite de France and opposed the original, 2005 deregulation date.

The European Union finally came to agreement on Monday after commissioners warned that delays in deregulation could cost as much as 15 billion euros.

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