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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

Montana Power in 5-year Power Deal with PPL

LCG, Oct. 17, 2001--Montana Power Co. and PPL Montana said separately yesterday they have reached a five-year deal with under which it will Montana Power receive 450 megawattsof electricity, beginning July 1 of next year.

Two-thirds of the amount will be baseload power while the remaining 150 megawatts will provide supply during periods of peak demand. The average wholesale price for the entire 450 megawatts is about $32 per megawatt-hour.

"Our objective was to obtain, on behalf of our customers, the best-priced electricity available on the market today. The bid process achieved the results we were hoping for," said Jack Haffey, president and chief operating officer of Montana Power's utility division. "Our customers are assured of safe and reliable electricity supply at very competitive prices."

PPL Montana, a subsidiary of Allentown, Pa.-based PPL Corp., was formed when PPL purchased the 154 megawatt J. E. Corette coal-fired power plant and Montana Power's 529 megawatt share in the Colstrip coal-burner from the utility. Altogether, PPL Montana owns about 1,150 megawatts of capacity in the state.

In its news release, PPL said the deal with Montana Power means it will have about two-thirds of the output of its Montana power plants under long-term contracts by next July.

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