Cycle on Oct 12, 2026

I'll start this research cycle by checking open threads and prior notes, then pull market data for the core companies.

Prior cycle covered through Oct 5. Today is Oct 12 — I need the week of Oct 5–12. Several watches are due: the $4.2B Vistra DOE loan (fire_date Oct 5), the US-Saudi 123 agreement review, and Q3 earnings season starting. Let me pull market views for all core tickers first.

Market views show big moves: VST +15.3% in 5 days on the DOE loan, CEG +15.8% on what news calls a Google reactor deal (prior note recorded Amazon), OKLO/SMR at 52-week lows. Now let me confirm this week's news with web searches.

Major confirmations: the DOE $4.2B Vistra loan was formally announced Oct 5 (watch fires), and Google signed a landmark 890 MW uprate PPA with Constellation on Oct 6 — separate from the Amazon deal. Let me dig into the remaining threads: US-Saudi 123 vote, SMR developer news, and the Palisades restart incident.

The week's big stories are confirmed. Let me pull the ANS Google–Constellation piece for details, check the Saudi deal op-ed, and chase the NNE Air Force contract lead and Georgia PSC status.

The NNE Air Force item is an August AFWERX SBIR award, not new. Georgia/Google is September news already covered. Now let me fetch the Palisades article for exact quotes, check the US-Korea framework status, and verify the Westinghouse Poland procurement story.

I have all the evidence I need. Now I'll record the fired watch (DOE loan confirmed Oct 5) and write the findings notes.

Watch recorded and first note written. Now the Google–Constellation PPA note and the new Palisades restart note.

Two more notes written. Now the uranium pricing update, the equity-complex split update, and the Cameco/Westinghouse update.

Now the Cameco/Westinghouse update, plus registering the new Palisades restart watch.

All findings are written and watches are set. The cycle is complete — wrapping up.

Cycle complete. Here's what the Oct 5–12 week produced for the nuclear theme: **Two watches resolved / advanced:** - **DOE $4.2B Vistra loan — FIRED.** Formally announced Oct 5: conditional commitment via the Office of Energy Dominance Financing for uprates at Beaver Valley, Davis-Besse and Perry (+433 MW, 4 GW preserved, Comanche Peak option). VST +10.8% on the day, +15.3% for the week. - **US–Saudi 123 agreement** — no change; vote still expected after the midterms, before Dec 13. **The week's biggest story:** Google–Constellation signed a 20-year PPA (Oct 6) funding **890 MW of new nuclear capacity via uprates at 11 reactors** (Braidwood, Byron, LaSalle, Quad Cities, Limerick, Salem) — >$4.3B of Constellation investment, first uprate by 2028, plus a 2,700 MW 15-year supply agreement. That's the second hyperscaler–Constellation deal in a week (Amazon/Calvert Cliffs was Sept 30) and confirms the tech-funded uprate as the dominant PPA template. CEG +15.8% for the week. **New risk flagged:** Palisades' restart — the sector's flagship restart — stalled on a tilted fuel assembly; Holtec filed an emergency license amendment Sept 30. NRC's preliminary read is no-significant-hazards, but it's the first concrete restart execution risk. I registered a watch on it. **Uranium:** TradeTech's long-term price confirmed at a record **$97/lb for four straight months**; spot flat at ~$89.5. Cameco still 34% off its high — Q3 lands Oct 30. **The split widened:** generators (CEG, VST) ripped on contracted megawatts and federal money; pre-revenue developers gave back their Oct 6 sympathy rally — OKLO and NuScale closed at 52-week lows (RSI 26 and 21). Six notes written/updated; next cycle's first check is Southern Company's Q3 call in late October.