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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

Public Service Company of Oklahoma Completes Acquisition of Green Country Power Plant

LCG, July 3, 2025--American Electric Power (AEP) announced today that on June 30, the 795-MW Green Country Power Plant officially became part of the generation portfolio of Public Service Company of Oklahoma (PSO), a unit of AEP.

The Oklahoma Corporation Commission (OCC) approved PSO's purchase of the natural gas-fired, combined-cycle generation facility on June 4, 2025. PSO has now completed the acquisition from J-Power USA Generation and assumed full operational control of the facility in Jenks, Oklahoma.

PSO concluded the $730 million acquisition of the Green Country Power Plant, which commenced operations in February 2002, was preferable to building a new, combined-cycle generation facility.

PSO's President and COO stated, “Today represents a major step forward in our mission to serve our customers. The Green Country Power Plant will play an important role in delivering reliable power to support Oklahoma homes and businesses while ensuring grid stability and supporting the state’s economic growth.”

PSO stated the acquisition is more than just a strategic investment, but a positive step forward in its mission to deliver affordable, reliable energy to the communities it serves. The addition of Green Country will enhance PSO's capacity to meet the rising energy demands of its customers and strengthen its ability to provide stable, secure power to its customers.
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