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The Nuclear Company Announces a 6.6 GW Nuclear Project to Commence Construction by 2030 in Kentucky

LCG, October 21, 2026--The Nuclear Company today announced a proposed nuclear energy campus in Kentucky that could potentially provide 6.6 GW of electric generating capacity. The Prosperity One nuclear energy campus, located along the Ohio River in eastern Kentucky, could accommodate up to six Westinghouse AP1000 reactors and would be the largest nuclear power generation site in the nation if fully constructed.

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FERC Proposes NEPA Revisions to Streamline Air Quality Analyses and Accelerate Natural Gas Projects

LCG, October 16, 2026--The Federal Energy Regulatory Commission (FERC) announced on Thursday its new proposal to revise and accelerate its review of air quality effects for proposed natural gas projects under the National Environmental Policy Act (NEPA). The draft policy statement highlights revisions designed to (i) avoid unnecessary delays and duplicative analysis and (ii) deliver greater regulatory certainty and a streamlined path forward for project applicants.

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Industry News

Private Equity Firm to Buy Eight Duke Power Plants

LCG, May 5, 2004--Duke Energy has said that it will reduce its ownership of merchant power plants by one-third, completely divesting itself of such plants in the southeastern U.S., after completing a planned sale of eight facilities to a private equity fund.

The sale, to the fund MatlinPatterson Global Opportunities Partners II, brings the total value of asset sales either announced or closed by Duke Energy to approximately $2.5 billion this year. The plants to be sold burn natural gas, are located in Arkansas, Georgia, Kentucky and Mississippi, and have a total capacity of 5,325 megawatts.

The completion of the sale is expected in the third quarter of the year, following the approval of each plant's sale by the Federal Energy Regulatory Commission, and the approval of the deal by the Federal Trade Commission.

The MatlinPatterson fund was started by a former banker with Credit Suisse First Boston, David Matlin, in autumn of 2003. Initially, its investments centered on distressed debt of companies such as MCI, formerly WorldCom. The fund will reportedly acquire the Duke plants for $475 million.
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