Dealspower supply

Oracle × We Energies · Point Beach nuclear subscription

Announced since 02 Oct 2026Agent-reviewed

Power & gridData centers

Oracle and We Energies announced an agreement under which Oracle will subscribe to a portion of the energy We Energies is required to purchase from the existing Point Beach Nuclear Plant. Oracle presents the planned commitment as building on Project Lighthouse, its data center development in Port Washington, Wisconsin.

Participants & roles

Oraclepartner
Planned subscriber to a portion of Point Beach output.
Source
We Energiesutility
Utility required to purchase Point Beach energy; counterparty to the agreement.
Source

Terms as stated

Contract duration and delivery terms are not recorded.

Announced 02 Oct 2026

Figures as stated

No figure is recorded with sufficient source support.

Status history

02 Oct 2026
Announced
We Energies and Oracle announced the agreement; Oracle calls it a planned commitment pending PSC approval.
We Energies ↗Agent review

What remains uncertain

Oracle's planned subscription remains subject to approval by the Public Service Commission of Wisconsin; We Energies says full details will be submitted in the coming months. Neither release says the agreement is signed or definitive.
Neither release states the subscribed share or MW, term, price or start date, or that the energy will be delivered to Project Lighthouse. The plant's owner and seller are not named.
The approximately $300 million figure is the companies' expected customer fuel-cost savings, not a contract value or capital expenditure.

Related projects

No individual project is linked by the cited evidence.

Sources

Oraclepress release · Published 02 Oct 2026
Oracle Announces Commitment to Absorb $300 Million in Rising Point Beach Energy Costs for Wisconsin Residents · The publisher supplies a calendar date; 00:00 UTC is a storage convention.
Source checked 13 Oct 2026
We Energiespress release · Published 02 Oct 2026
We Energies agreement with Oracle expected to save customers approximately $300 million · The publisher supplies a calendar date; 00:00 UTC is a storage convention.
Source checked 13 Oct 2026

Last confirmed by a dated source: 02 Oct 2026