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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

Shepards Flat Wind Farm in Oregon Now Fully Operational

LCG, September 27, 2012--The Shepards Flat Wind Farm is now delivering power to the grid in northeast Oregon. The project, developed by Caithness Energy, has a design capacity of 845 MW. Southern California Edison purchased the power output under a 20-year power purchase agreement (PPA).

The massive wind project, with a 32,000 acre footprint, operates along the Eastern Columbia Gorge in Gilliam and Morrow Counties. The project incorporates 338, 2.5-MW wind turbines provided by GE.

Project investors include Google, GE Energy, and Japan's Sumitomo Corp. In October 2010, the Department of Energy (DOE) provided a $1.3 billion partial loan guarantee through the Recovery Act in 2010.
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