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The Nuclear Company Announces a 6.6 GW Nuclear Project to Commence Construction by 2030 in Kentucky

LCG, October 21, 2026--The Nuclear Company today announced a proposed nuclear energy campus in Kentucky that could potentially provide 6.6 GW of electric generating capacity. The Prosperity One nuclear energy campus, located along the Ohio River in eastern Kentucky, could accommodate up to six Westinghouse AP1000 reactors and would be the largest nuclear power generation site in the nation if fully constructed.

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FERC Proposes NEPA Revisions to Streamline Air Quality Analyses and Accelerate Natural Gas Projects

LCG, October 16, 2026--The Federal Energy Regulatory Commission (FERC) announced on Thursday its new proposal to revise and accelerate its review of air quality effects for proposed natural gas projects under the National Environmental Policy Act (NEPA). The draft policy statement highlights revisions designed to (i) avoid unnecessary delays and duplicative analysis and (ii) deliver greater regulatory certainty and a streamlined path forward for project applicants.

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Industry News

Avista Asks Washington, Idaho Electric Surcharge

LCG, July 19, 2001Avista Corp. said yesterday that it will ask regulators in Idaho and Washington to approve an energy surcharge to offset the costs of a severe shortage of hydroelectric generation and volatile wholesale market prices for electricity.

The proposed surcharge would be applied as a uniform percentage increase to the rates for all customer classes in each state. The company's Washington customers would pay a surcharge of 36.9 percent on top of their existing rates, and Idaho customers would get bitten for 14.7 percent.

The surcharge in each state would begin on September 15 and continue until the end of 2003, but if conditions allow, the surcharge could be removed sooner, the company said.

Gary Ely, Avista Corp. chief executive, said the need for a surcharge has arisen through a combination of volatile electricity prices, changing market conditions and a continued deterioration in availability of hydroelectric generation, which has weakened the financial condition of the company.

"Improving the company's cash flow is critical to being able to complete financing plans and to meetvarious debt covenants," Ely said. "Without the surcharges in each state, the company will not be in aposition to access capital at reasonable costs."

Ely said the company has been unable to arrange continuing financing for completion of a badly needed power project currently under construction. "Lenders have growing concerns about the projected deferral balances and the absence of some form of mechanism to currently recover the deferred costs on a current basis," he said.

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