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NRC Accepts the Construction Permit Application for TVA's Small Modular Reactor Project

LCG, July 10, 2025--The U.S. Nuclear Regulatory Commission (NRC) accepted a construction permit application for review from the Tennessee Valley Authority (TVA) to build one of the nation’s first small modular reactors (SMR). TVA submitted its application in late May to use GE Vernova Hitachi’s BWRX-300 design and to install the advanced nuclear plant at its Clinch River site near Oak Ridge, Tennessee. TVA's application is the first in the U.S. that uses GE Vernova Hitachi’s BWRX-300 design.

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Red Oak Power Facility in PJM to be Acquired by Strategic Value Partners

LCG, July 9, 2025--Strategic Value Partners, LLC (together with its affiliates, SVP) yesterday announced that its managed funds (the "SVP Funds") have agreed to acquire Red Oak Power, an 831-MW natural gas-fired combined-cycle power generation facility located in Sayreville, New Jersey.

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Industry News

Long Island Power Study Points to Re-Powering, Not New Plants

LCG, August 6, 2002-C.W. Post's Center for Management Analysis released a study on Long Island, New York's power supply.

The report, developed at Long Island University's C.W. Post campus, comes to the conclusion that existing, old plants can be converted easily into combined cycle facilities, a process which could result in three times the current Long Island capacity.

According to Center for Management Analysis director Dr. Matthew C. Cordaro, as much as 4,700 new megawatts might be added through combined-cycle conversions.

Although the Center's study emphasizes bringing new technology to old plants, it also suggests that the completion of current New York power projects will prevent overextending the area's electricity capacity while improvements are made elsewhere.

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