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DOE Announces New Path to Test Advanced Nuclear Reactors

LCG, June 18, 2025--The U.S. Department of Energy (DOE) announced late today a new pilot program to expedite the testing of advanced nuclear reactor designs under DOE authority outside of the national laboratories. The new pilot program is intended to unlock private funding and provide a fast track to commercial licensing.

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X-energy Announces Receipt from NRC of Schedule for Xe-100 Construction Permit Application

LCG, June 17, 2025--X-energy Reactor Company, LLC (X-energy) announced yesterday that it has received key updates from the U.S. Nuclear Regulatory Commission (NRC) regarding the construction permit application for the initial deployment of the Xe-100 advanced reactor at a Texas Gulf Coast site. The NRC published an 18-month review timeline for the project, located in Seadrift, Texas, and will concurrently proceed with its environmental assessment. The NRC cited the completeness and quality of the application, as well as the effectiveness of pre-application engagements for the 18-month timeline.

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Industry News

Governor Says State Power Market Not Competitive

LCG, July 28, 2000--In response to power surges in the wholesale price of electricity that short-circuited the utility bills of San Diego householders over the past two months, California Gov. Gray Davis yesterday called on state regulators to ask the Federal Energy Regulatory Commission to rule that California does not have a competitive energy market.

Such a ruling would allow FERC to put a cap on wholesale power prices in California, but it is not a sure bet that they would be lower than the $500 per megawatt-hour cap currently imposed by the California Independent System Operator.

In a Wednesday decision to temporarily limit the price that generators may bid to sell their energy into the New York wholesale market, FERC declared that flaws in that competitive market system warrant a $1,000 per megawatt-hour bid cap through the summer period.

The governor also urged the state Public Utilities Commission, which will take up soaring wholesale electricity prices on August 3, to "take all actions necessary to assure that electricity supplies are adequate and that prices paid by California consumers are just and reasonable."

Earlier this month, Cal-ISO reduced the cap on wholesale electricity prices from $750 to $500, and may again cut the price -- this time to $250 -- when it meets next Tuesday.

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