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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

Southern Energy Completes Purchase of Pepco Plants

LCG, Dec. 20, 2000--Southern Energy Inc. said yesterday it has completed its $2.65 billion acquisition of power plants with electric generating capacity totaling 5,154 megawatts fromPotomac Electric Power Co.

"This acquisition, the largest single purchase of assets ever by Southern Energy, is a big step toward meeting our goal of owning or controlling 30,000 megawatts of capacity in the United States by2004," said Marce Fuller, Southern Energy chief executive. "The location of these assets near key energy markets also makes closure of this acquisition exciting."

Southern Energy bought four power plants in the deal: the 837 megawatt Dickerson Station in Montgomery County, Md., the 2,423 megawatt Chalk Point Station in Prince George's County, Md., the 1,412 megawatt Morgantown Station in Charles County, Md., and the 482 megawatt Potomac River Station in Alexandria, Va.

John Derrick, chief executive of Pepco, said closing of the sale "is a significant milestone in Pepco's strategy of transforming the company from a regulated, integrated electric utility into a diversified telecommunications and energy services company, selling and delivering electricity, natural gas, telecommunications and related products in the mid-Atlantic region."

Pepco said part of the proceeds from the sale will be used to retire $525 million of thecompany's outstanding long-term debt. Two hundred million dollars that was borrowed earlier this year to fund a common stock buyback program also will be repaid.

Pepco will also use about $170 million to lower customers' electric bills.

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