Oracle Announces Commitment to Absorb $300 Million in Rising Point Beach Energy Costs for Wisconsin Residents
PR Newswire•02/10/2026•09:00 ET
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Key Highlights
- ➤Oracle (ORCL) commits to absorb approximately $300 million in Point Beach energy costs
- ➤Commitment expected to protect more than 1 million Wisconsin utility customers from rising costs
- ➤Project Lighthouse expected to generate more than $11 billion for Wisconsin's local economy
- ➤Project Lighthouse expected to create more than 4,000 skilled construction jobs over three years
- ➤Point Beach power subscription remains subject to Wisconsin Public Service Commission approval
Expert Statements
Mahesh Thiagarajan, Executive vice president, Oracle Cloud Infrastructure
“Oracle is stepping up with a commitment that will directly benefit more than 1 million Wisconsin utility customers.”
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.”
Mahesh Thiagarajan, Executive vice president, Oracle Cloud Infrastructure
“This is a meaningful investment in Wisconsin’s future—and in the communities we are proud to serve.”
Oracle Announces Commitment to Absorb $300 Million in Rising Point Beach Energy Costs for Wisconsin Residents PR Newswire
Commitment will help protect more than 1 million utility customers from rising costs while preserving reliable, carbon-free power
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