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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

Calpine Gets $83.32 Per Megawatt-hour in Third Quarter

LCG, Oct. 27, 2000--Independent power producer Calpine Corp. said yesterday that the average price it received for electricity it generated during the third quarter was $83.32 per megawatt-hour, a 71 percent increase from $48.74 in the same period last year.

The robust increase in revenue per unit of production boosted Calpine's earnings beyond expectations. The company said third quarter earnings, before an extraordinary charge, rose to $147.1 million, or $0.96 a share, from $42.9 million or $0.37 in 1999.

Calpine's results easily exceeded Wall Street estimates of $0.79 per share and the company sounded like it could use Al Jolson's line: "You ain't seen nothin' yet."

Peter Cartwright, chief executive of the San Jose, Calif. company, said "We are very confident that we will exceed the analysts' expectations (in the next quarter)," and Rick Barraza, vice president for investor relations echoed "We are going to have a very strong finish to an excellent 2000."

Calpine said it sold almost a third of its power in California and other western states where prices soared this summer due to a booming economy based on energy-hungry computers and Internet devices.

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