Oracle has committed to subscribing to part of the power that We Energies buys from the Point Beach nuclear plant in Wisconsin. The utility, a subsidiary of WEC Energy Group, estimates its customers will save about $300 million in fuel costs. WEC executives discussed the deal during the company’s third-quarter 2026 earnings call.
Nuclear Engineering International provided the details of the agreement: Oracle will take between 125 and 250 MWe from the NextEra-owned plant. The power will supply the Port Washington data center campus in Ozaukee County, a $15 billion project called Project Lighthouse. According to Oracle, more than one million of the utility’s customers will benefit.
The mechanism is straightforward. We Energies is required to buy Point Beach electricity at escalating prices, and nuclear fuel weighs heavily on the cost difference compared with other sources. Oracle voluntarily absorbs a share of that expense, so other ratepayers do not see it on their bills. We Energies spokesman Brendan Conway put the savings at roughly $300 million over the next five years.
The arrangement builds on another deal signed in August. We Energies entered into a new contract with NextEra to purchase 86% of the capacity of both Point Beach units, about 1,000 megawatts of carbon-free, round-the-clock power. The current contract expires in 2030 for Unit 1 and 2033 for Unit 2, while the new one runs through at least 2053. This step also requires approval from the Public Service Commission of Wisconsin.
The rationale for the deal lies in rising electricity demand. According to WEC management, growth is driven largely by large customers, including data centers tied to Microsoft and Oracle, which have committed to covering their share of costs through a dedicated tariff. The formal filing on the nuclear contract is expected by the end of 2026, followed by a review lasting several months.
The model could set a precedent across the United States. If the commission gives the green light, a major digital consumer will directly finance an existing plant while keeping residential rates stable. For nuclear, it means a heavyweight industrial customer willing to sign long-term contracts for a source that generates power around the clock.
