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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

Entergy to Replace Arkansas Nuclear Generators and Reactor Parts

LCG, August 13, 2002-Entergy Corporation announced intentions to upgrade its Arkansas Nuclear Unit 1 in 2005.

The company has found boric acid-related corrosion, which resulted in cracked control nozzles in the Arkansas reactor vessel, as was found in the David-Besse nuclear plant earlier this year.

Unit 1, which is contracted for operation until 2034, will have both steam generators and the steel reactor lid replaced three years from now, at a cost of roughly $235 million.

Arkansas Unit 1 has 836 MW capacity and began operations in 1974.

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