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The Nuclear Company Announces a 6.6 GW Nuclear Project to Commence Construction by 2030 in Kentucky

LCG, October 21, 2026--The Nuclear Company today announced a proposed nuclear energy campus in Kentucky that could potentially provide 6.6 GW of electric generating capacity. The Prosperity One nuclear energy campus, located along the Ohio River in eastern Kentucky, could accommodate up to six Westinghouse AP1000 reactors and would be the largest nuclear power generation site in the nation if fully constructed.

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FERC Proposes NEPA Revisions to Streamline Air Quality Analyses and Accelerate Natural Gas Projects

LCG, October 16, 2026--The Federal Energy Regulatory Commission (FERC) announced on Thursday its new proposal to revise and accelerate its review of air quality effects for proposed natural gas projects under the National Environmental Policy Act (NEPA). The draft policy statement highlights revisions designed to (i) avoid unnecessary delays and duplicative analysis and (ii) deliver greater regulatory certainty and a streamlined path forward for project applicants.

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Industry News

Con Edison Buys Merger Approval with Rate Cuts

LCG, Oct. 4, 2000Consolidated Edison Co. of New York said yesterday that it had reached agreement with the staff of the New York Public Service Commission and numerous intervenors calling for an immediate $170 cut in its electric distribution rates with more to follow.

In exchange, parties to the agreement will recommend to the commission that it approve the pending acquisition of Northeast Utilities by the utility's parent holding company, Consolidated Edison Inc.

The agreement also calls for another distribution rate reduction of $209 million to take place on April 1 of next year. Also on that date, customers of Northeast Utilities and Con Edison would begin sharing in $18.5 billion in savings expected to be generated by the merger, if the transaction is completed by that time.

Con Edison said the agreement would extend by three years the electric restructuring agreement approved by the commission in 1997, and provide about $1.5 billion of rate benefits to customers in addition to the more than $1.1 billion provided for in the 1997 agreement.

The typical New York City residential customer will save approximately $50 annually, while the typical small commercial customer will save about $100 annually and the somewhat larger commercial customer will save about $1,000 a year, Con Edison said.

Nearly a year ago, Consolidated Edison Inc. agreed to acquire Northeast Utilities in a deal valued at $7.5 billion, with $3.29 billion in cash and the balance in assumption of debt.

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