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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.

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."

GAO Study Reveals CA Market Abuse

LCG, July 17, 2002-The U.S. General Accounting Offices released a study on Tuesday which found that California's flawed market design allowed electricity suppliers to charge unreasonably high prices during the crisis of 2000/2001.

The GAO study showed that frozen retail electricity rates kept demand high, and the California Public Utilities Commission's dissuasion of long-term contracts left utilities vulnerable to spot market prices. This situation allowed those selling power to hold out on sales until utilities were frantic to buy and had to pay higher prices than would result in a proper competitive market.

The study did show that prices at that time should have been above average due to low rainfall and limited reserves, but the actual prices during the electricity crisis were higher than would have come to pass in a properly executed market.

The GAO also said that price caps did not prevent high prices because they did not apply to other Western states and that companies buying power had no ability to mitigate steep prices because of faulty market design.

Another GAO report released earlier this month concluded that the Federal Energy Regulatory Commission did not have sufficient authority in controlling and policing electricity markets.

The Federal Energy Regulatory Commission is still investigating possible Western electricity market manipulation, and the Securities and Exchange Commission and the Commodity Futures Trading Commission are also investigating specific companies' market practices.

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Duke Energy Submits Early Site Permit Application to NRC for New Nuclear Reactors in North Carolina

The NRC Issues Summary of 2025 Successes

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GAO Study Reveals CA Market Abuse