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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

PUC Staff Make Proposal for Texas Balancing Market

LCG, Mar. 19, 2003--A plan for preventing price spikes in the balancing energy market within the Electric Reliability Council of Texas (ERCOT) has been put forth by staff with the Public Utility Commission (PUC) of Texas.

The proposal is a reaction to price spikes that occurred in late February, when the balancing market priced Up Balancing Energy Service at $990/MWh, just below the $1,000 price cap. A more complicated plan addressing price spikes has been in development by the PUC's Market Oversight Division and ERCOT for about six months.

The new proposal would come into play when all power offered in the balancing market was to be bought by ERCOT, the grid operator. In such situations, sellers would be informed that prices would probably be reduced at a later date. The reduction would be calculated as if ERCOT had bought only 90% of the amount of energy actually used. The Market Oversight Division will continue to look at ways to address spikes, but has recommended the new proposal to commissioners while it does so.
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