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Oracle to Subscribe to Part of Point Beach Power Arrangement

Source Decision Insights Record Published October 2, 2026 Companies 1
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3rd article in the last 90 days, one of 79 articles referencing Oracle. Previous coverage: Oracle Releases Java 27 With Post-Quantum TLS 1.3 Updates (Sep 2026).

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Oracle said it will subscribe to a portion of the Point Beach Nuclear Plant’s electricity generation, a move it tied to cost protection for Wisconsin utility customers. The company said the arrangement is intended to address rising fuel costs while maintaining reliable, carbon-free power.

Oracle linked the planned subscription to an expected $300 million reduction in fuel costs for Wisconsin utility customers. It also described Point Beach as a source of carbon-free baseload power operating for more than 50 years, with the subscription intended to reduce pressure on household electricity bills.

Under the plan described in the company statement, Oracle would subscribe to a portion of the “Point Beach purchase power arrangement.” The company said the effort would help sustain reliable power for the Wisconsin grid and shield customers from the plant’s rising costs. Oracle said the subscription for the portion of generation remained subject to approval by the Public Service Commission of Wisconsin.

Oracle also said the planned commitment builds on “Project Lighthouse,” its data center development in Port Washington. It said Project Lighthouse was expected to generate more than $11 billion for the local economy, create more than 4,000 skilled construction jobs over three years, support 1,000 ongoing operations positions, launch workforce development programs, and invest in local infrastructure, with Oracle fully funding Project Lighthouse’s energy costs.

“Oracle is stepping up with a commitment that will directly benefit more than 1 million Wisconsin utility customers,” said Mahesh Thiagarajan, executive vice president, Oracle Cloud Infrastructure. “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. This is a meaningful investment in Wisconsin's future—and in the communities we are proud to serve.”

Oracle said the planned subscription remained subject to Public Service Commission of Wisconsin approval and that it would work with state and local officials during the review process.

Press release, provided by Cision on behalf of Oracle. Read the original.

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