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DOE Announces New Path to Test Advanced Nuclear Reactors

LCG, June 18, 2025--The U.S. Department of Energy (DOE) announced late today a new pilot program to expedite the testing of advanced nuclear reactor designs under DOE authority outside of the national laboratories. The new pilot program is intended to unlock private funding and provide a fast track to commercial licensing.

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X-energy Announces Receipt from NRC of Schedule for Xe-100 Construction Permit Application

LCG, June 17, 2025--X-energy Reactor Company, LLC (X-energy) announced yesterday that it has received key updates from the U.S. Nuclear Regulatory Commission (NRC) regarding the construction permit application for the initial deployment of the Xe-100 advanced reactor at a Texas Gulf Coast site. The NRC published an 18-month review timeline for the project, located in Seadrift, Texas, and will concurrently proceed with its environmental assessment. The NRC cited the completeness and quality of the application, as well as the effectiveness of pre-application engagements for the 18-month timeline.

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Industry News

CMS Energy Sells 59 Megawatt New York Hydro Plant

LCG, Oct. 30, 2000--CMS Energy Corp. the parent company for Michigan's Consumers Energy Co., said on Friday it has closed the sale of its one-eighth ownership interest in the Curtis-Palmer hydroelectric generating project in New York State to International Paper Co. for about $12 million.

Curtis-Palmer is a 58.8 megawatt, two-dam hydroelectric generating project located in Corinth, N.Y., on the Hudson River downstream from Lake George. The facility sells its electric output to Niagara Mohawk Power Corp. under a long-term contract.

CMS said the sale is part of its $1.4 billion asset sale and "balance sheet improvement" program. With the sale, CMS has completed approximately $870 million of cash proceeds and balance sheetdebt reductions to date as part of its program to get the most out of its assets.

" We are executing our asset sale program, and expect to make continued progress on sales of non-strategic assets this year," said Preston D. Hopper, senior vice president for corporate performance and chief accounting officer.

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