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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

Dynegy Pays $903 Million for Central Hudson Plants

LCG, Aug. 8, 2000--Dynegy Inc. said this morning it has agreed to buy two upstate New York power plants from Central Hudson Gas & Electric Corp. and minority owners for $903 million. Dynegy said it expected the acquisition to add to earnings next year.

The two plants are Central Hudsons 500 megawatt Danskammer Power Plant which is fueled by a combination of coal and fuel oil or natural gas and the 1,200 megawatt oil- or gas-fired Roseton facility in which Central Hudson has a 35 percent interest. The other owners of Roseton are Niagara Mohawk Power Corp. with 25 percent and Consolidated Edison co. of new York with 40 percent.

Dynegy said the combination of fuels used in the plants will give it the opportunity to bring into play a full range of marketing, trading and arbitrage capabilities.

Ronald P. Brand, a Central Hudson vice president who headed the sale effort, pointed out that the agreement with Dynegy "recognizes the contribution of our 200 employees at the plants, and alsoprovides protection for them." Dynegy will retain all unionized employees and will assume the current collective bargaining agreement, and will make employment offers to most of the 40 management employees, with the others remaining with Central Hudson.

The transaction requires the approval of the new York State Public Service Commission, the Federal Energy Regulatory Commission and the Federal Trade Commission.

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