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Duke Energy Submits Early Site Permit Application to NRC for New Nuclear Reactors in North Carolina

LCG, December 30, 2025--Duke Energy announced today its submission of an early site permit (ESP) application to the U.S. Nuclear Regulatory Commission (NRC). The site is near the Belews Creek Steam Station in Stokes County, North Carolina. The submittal follows two years of work at the site, and the announcement states that the submittal is part of Duke Energy's strategic, on-going commitment to evaluate new nuclear generation options to reliably meet the growing electricity needs of its customers while reducing costs and risks.

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The NRC Issues Summary of 2025 Successes

LCG, December 29, 2025--The Nuclear Regulatory Commission (NRC) today issued a summary of its 2025 accomplishments to highlight its commitment to "enabling the safe and secure use of civilian nuclear energy and radioactive materials through efficient and reliable licensing, oversight, and regulation to benefit society and the environment."

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Industry News

MidAmerican Energy's Wind XII Project Approved

LCG, December 6, 2018--The Iowa Utilities Board (IUB) on Tuesday approved MidAmerican Energy Company's proposed Wind XII project. With the approval, the company is poised to install up to 591 MW of new wind turbines to add to electric generating capacity in Iowa. The project is scheduled to be completed in 2021, and the estimated construction cost of the project is $922 million.

The order by the IUB states that MidAmerican has satisfied conditions in Iowa Code for advance ratemaking principles associated with the project. In the settlement agreement, the ratemaking principles approved establish a cost cap. The agreement includes an allowed return on the common equity portion of Wind XII that will be included in Iowa electric rate base at 11 percent.

MidAmerican filed its Wind XII request for advance ratemaking principles with the Board on May 30, 2018.
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