Oracle to buy Point Beach nuclear power in deal expected to save $300 million

Oracle will buy some of the power We Energies is required to purchase from the Point Beach nuclear plant in Two Rivers, Wis., under an agreement between the two companies. The deal requires approval from the Public Service Commission of Wisconsin and is expected to save We Energies customers roughly $300 million in energy costs, the companies said.

We Energies sold Point Beach to NextEra Energy, its current operator, in 2007 and has bought nuclear power from the plant since. The agreement builds on Oracle's Project Lighthouse investment in the state, which involves an Oracle data center in Port Washington, Wis. Additional details will be submitted to the commission in the coming months as part of its review of the agreement. Point Beach, Wisconsin's only nuclear plant, has two 615-MWe pressurized water reactors.

"By absorbing approximately $300 million in rising energy costs, we are helping protect Wisconsin ratepayers," Oracle Cloud Infrastructure executive vice president Mahesh Thiagarajan said.

Missouri plan recommends weighing a state nuclear authority

Gov. Mike Kehoe and the Missouri Department of Natural Resources released the Missouri State Energy Plan on September 30. The 58-page report recommends evaluating the feasibility and design of a state nuclear power authority that could direct Missouri's new nuclear development efforts, including financing. The Missouri Advanced Nuclear Energy Task Force Kehoe established earlier this year is to consider the plan's recommendations.

The plan lists four goals: expand in-state power generation and infrastructure to reduce reliance on out-of-state energy; enable the growth of nuclear power in the state; align potential energy expansion with direct and indirect economic growth; and improve grid reliability by making better use of existing infrastructure. Missouri is home to the Missouri University Research Reactor, the Missouri S&T Nuclear Reactor and the single-unit Callaway plant, its only commercial nuclear plant.

Six states met at UMass–Lowell

Energy officials from Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont met at the University of Massachusetts–Lowell on September 30 for the 2026 New England Regional Nuclear Policy Summit, hosted by the National Governors Association. Representatives from the six states, the energy industry and communities discussed the region's future electricity needs and projects, safety and public trust, and business models for new nuclear projects. The summit fits into the states' shared visions for exploring new nuclear opportunities outlined in a March statement from all six governors.