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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

Pat Wood Named to Head FERC

LCG, Aug. 15, 2001--Former Texas utility regulator Patrick Wood III was named yesterday to succeed Curt Hebert as chairman of the Federal Energy Regulatory Commission.

Wood, who is seen as favoring FERC intervention in wholesale power pricing, will take over from Hebert on September 1. The new chairman is a Republican, and was appointed to the commission earlier this year.

One of Wood's first jobs as chairman will be to lead FERC through negotiations between the state of California and a handful of independent power producers that the state says overcharged it $8.9 billion for electricity.

A FERC administrative law judge has said the amount due is $1 billion at most and that California is unlikely to see any cash refunds because the power producers have not been paid for much of the electricity purchased at any price.

Wood's elevation is certain to be welcomed in California, where Gov. Gray Davis and some of his Democrat appointees to the California Public Utilities Commission have said they feel he is sympathetic to problems facing the state's energy sector.

But Wood is also a confidant of President George W. Bush, who has been outspoken in favoring market forces. The new chairman is unlikely to push initiatives that run counter to those of the administration.

Hebert's departure from the commission will leave a vacancy on the five-member panel. Among those being considered for the open seat are Joseph Kelliher of the Department of Energy and McLane Layton, an energy expert on the staff of Republican Sen. Don Nickles of Oklahoma, who is a member of the Senate Energy and Natural Resources Committee.

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