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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

Nova Scotia Power to Purchase Electricity from Amherst Wind Project

LCG, August 19, 2005--Nova Scotia Power (NSPI) announced that it has executed a 15-year agreement to purchase power from the Amherst Wind Energy Project, located on the Tantramar Marsh along the border between Nova Scotia and New Brunswick. The project is scheduled to commence operations in 2007.

The 31-MW project, with an estimated cost of $60 million, is a joint venture between Wind Dynamics Inc. of New Brunswick and EHN Windpower Canada, a wholly owned subsidiary of the Spanish conglomerate Acciona.

Over the past 16 months, NSPI has awarded contracts with independent power producers for 100 MW of wind power.

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