Oracle commits $300m to Wisconsin nuclear plant for data center

Oracle will buy electricity from Wisconsin's Point Beach nuclear plant, absorbing about $300 million in rising energy costs to shield more than 1 million utility customers. The deal, tied to Oracle's Project Lighthouse data center in Port Washington, awaits approval from the Wisconsin Public Service Commission.

• Oracle absorbs roughly $300 million in Point Beach energy costs
• More than 1 million Wisconsin utility customers benefit
• Project Lighthouse expected to add over $11 billion to the economy
• Project to create 4,000 construction and 1,000 permanent jobs