Oracle Announces Commitment to Point Beach Nuclear Plant
Austin, Texas—Oct 2, 2026
Oracle has pledged to subscribe to a portion of the electricity generated by the Point Beach Nuclear Plant, a move projected to save Wisconsin utility customers about $300 million in fuel costs. For more than 50 years, Point Beach has provided reliable, carbon-free baseload power to Wisconsin.
Key Details:
- Impact on Customers: Oracle’s commitment will help mitigate rising costs at the plant, alleviate financial pressure on household electricity bills, and ensure the reliability of power in the state.
- Quote from Executive: Mahesh Thiagarajan, Oracle Cloud Infrastructure’s executive vice president, highlighted that this investment will directly benefit over 1 million Wisconsin utility customers and support the state’s carbon-free power needs.
This initiative complements Oracle’s broader investment strategy in Wisconsin through Project Lighthouse. This data center project in Port Washington is projected to:
- Generate over $11 billion for the local economy
- Create 4,000 construction jobs over three years
- Offer 1,000 ongoing operations positions
- Launch workforce development programs
- Invest in local infrastructure
Oracle will also cover Project Lighthouse’s energy costs to help keep electricity bills stable and support grid reliability. The company is dedicated to responsible engagement with local communities, businesses, and public agencies.
Regulatory Approval:
The subscription is subject to the Public Service Commission of Wisconsin’s approval, and Oracle looks forward to collaborating with state and local officials throughout this review process.
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