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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

State High Court Clears PSE&G Securitization Bonds

LCG, Dec. 7, 2000--The New Jersey Supreme Court said yesterday it has affirmed an appellate court decision upholding the New Jersey Board of Public Utilities restructuring and securitization orders for Public Service Electric & Gas Co.

The action allows PSE&G to move ahead with its sale of $2.5 billion in stranded cost bonds.

James Ferland, chairman and chief executive of parent holding company PSEG Service Enterprise Group, said "Putting the uncertainty of the judicial appeals behind us will allow us to take the necessary steps to increase our competitiveness in the US energy markets."

The company said the ruling by the high court will also enable it to put into effect an additional 2 percent rate reduction for all PSE&G electric customers, based on the savings achieved through the securitization process. This is in addition to the 5% reduction that became effective August 1, 1999.

The court action also allows the parent company to sell debt securities to finance its unregulated power generation and trading company, PSEG Power LLC.

Al Koeppe, president and chief operating officer of PSE&G, said "As a result of this decision and the restructuring that will take place at PSEG, PSE&G will now focus on what we have done well for more than 100 years, delivering gas and electricity reliably and safely to our New Jersey customers."

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