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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

Nevada Power Receives Green Light for Moapa Power Plant

LCG, September 21, 2004--The Public Utilities Commission of Nevada (PUCN) issued its final order allowing Nevada Power Company, a wholly owned utility of Sierra Pacific Resources, to proceed with the purchase of the partially completed Moapa Power Plant from Duke Energy Corporation. The total cost of the Project is estimated at $558 million, including the $182 million payment to Duke.

The Moapa Project is located about 20 miles northeast of Las Vegas in the Moapa Valley. The natural gas-fired project consists of two, 600 MW combined cycle plants and will be connected to the Kern River Pipeline. The plant is roughly 50% complete, with the gas and steam units already set on their foundations.

This summer, Nevada Power filed an amended Integrated Resource Plan (IRP) with the PUCN to incorporate the Moapa Project and requested a 15.25 percent return on equity - well above the 10.25 percent allowable rate of return set earlier this year by the PUCN. In the final order issued September 17, the PUCN deemed the plant a "critical facility" and provided Nevada Power an additional 2 percent return on equity on construction costs. Furthermore, an additional 1 percent incentive for timely completion of the plant was approved. Specifically, the plant's two units are to be on line by March 31, 2006, and June 30, 2006.

The order also includes a requirement for Nevada Power to include a green power pricing tariff in its 2005 general rate case that would allow customers to pay for power generated through renewable energy resources. Nevada Power was recently granted a waiver after failing to meet Nevada's renewable energy standards this year.

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