Oracle to Absorb $300M in Costs to Keep Wisconsin Nuclear Plant Affordable
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Austin – October 02, 2026 -- Oracle has committed to subscribing to a portion of electricity generated by the Point Beach Nuclear Plant in Wisconsin, a move expected to save utility customers approximately $300 million in fuel costs. The commitment is designed to shield more than 1 million Wisconsin utility customers from the plant's rising operating costs while preserving carbon-free baseload power for the state grid.
Oracle absorbs rising nuclear fuel costs to protect household electricity bills
Point Beach has supplied dependable, carbon-free power to Wisconsin for more than 50 years. By subscribing to a share of the plant's output, Oracle intends to cover increases in fuel costs that would otherwise be passed on to ratepayers, according to Mahesh Thiagarajan, executive vice president of Oracle Cloud Infrastructure.