Oracle committed on October 2, 2026, to subscribe to a portion of the electricity from the Point Beach Nuclear Plant in Wisconsin, a move it ties to Project Lighthouse, its data center development in Port Washington. In Oracle’s announcement, the company says the arrangement is expected to save Wisconsin utility customers about $300 million in fuel costs. The deal still needs approval from the Public Service Commission of Wisconsin.
The utility on the other side, We Energies, published its own statement the same day. It describes the deal as Oracle voluntarily subscribing to “a portion of increasingly expensive energy that We Energies is required to purchase from the Point Beach Nuclear Plant,” and says full details will be filed with the commission “in the coming months.”
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The deal at a glance
| Item | As stated by Oracle and We Energies |
|---|---|
| Buyer | Oracle |
| Utility | We Energies |
| Power source | Existing Point Beach Nuclear Plant, Wisconsin |
| Structure | Oracle subscribes to a portion of the Point Beach purchase power arrangement |
| Expected customer savings | About $300 million in fuel costs |
| Linked project | Project Lighthouse, Oracle’s data center development in Port Washington, Wisconsin |
| Status | Announced October 2, 2026; subject to approval by the Public Service Commission of Wisconsin |
How the arrangement works
We Energies is required to buy energy from Point Beach under a purchase power arrangement, and the utility says that energy is becoming more expensive. Oracle would take on a portion of it. By doing so, We Energies says, Oracle “is protecting We Energies customers from hundreds of millions of dollars in added fuel costs.” Oracle says the step “will help shield customers from the plant’s rising costs” and puts the number of utility customers who benefit at more than 1 million.
“By absorbing approximately $300 million in rising energy costs, we are helping protect Wisconsin ratepayers while supporting the reliable, carbon-free power the state depends on,” said Mahesh Thiagarajan, executive vice president of Oracle Cloud Infrastructure, in the release.
This is not a new reactor or a restart. Point Beach is an operating plant that, according to Oracle, has supplied baseload power to Wisconsin for more than 50 years. The deal changes who pays for part of its existing output.
What Oracle says about Project Lighthouse
Both statements repeat Oracle’s figures for the Port Washington project: more than $11 billion for the local economy, more than 4,000 construction jobs over three years and 1,000 ongoing operations positions, along with workforce programs and local infrastructure investment. Oracle also says it “will fully fund Project Lighthouse’s energy costs to protect ratepayers’ electricity bills and support grid reliability.”
What happens next
The subscription takes effect only if the Public Service Commission of Wisconsin approves it. We Energies says it will submit the full details for that review in the coming months, and Oracle says it will work with state and local officials during the process.
The deal joins other nuclear supply agreements tied to data centers, including the 20-year Constellation and Amazon Calvert Cliffs agreement signed on September 30. Project Lighthouse and the Point Beach subscription are logged in our AI data centers tracker, and other power deals are in AI data center news.
