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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

Northeast Utilities Sues Con Edison for Breach of Promise

LCG, March 13, 2001Northeast Utilities yesterday sued Consolidated Edison Inc., asking for more than $1 billion to compensate for Con Edison's refusal to follow through on its $3.8 billion acquisition of Northeast.

The $1 billion includes the acquisition premium offered by Con Edison that is the amount Con Edison was willing to pay for Northeast stock over its then trading price plus compensation for time and money spent by Northeast to get regulatory approval for the merger.

Con Edison had already sued Northeast last week for violating terms of the proposed transaction and yesterday said Northeast's suit was "without merit."

In its suit, filed in the U.S. District Court for the Southern District of New York, Northeast alleges that Con Edison tried to use conditions imposed on the merger by Connecticut regulators as a lever to reduce its purchase price.

Michael G. Morris, chairman, Northeast's president and chief executive, said "Northeast Utilities filed this suit to recover the value of the merger for our company and shareholders, who have suffered substantial damages as a result of Con Edison's actions."

As to Con Edison's suit filed on March 6, Morris said "Northeast Utilities is and always has been in full compliance with the terms of the merger agreement. Our company is considerably more valuable today than at the time of the merger agreement, and Con Edison had no legal basis for refusing to complete the merger at the agreed upon terms."

Though Con Edison says it is willing to go ahead with the takeover on its terms, Northeast says the romance is over.

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