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Duke Energy Submits Early Site Permit Application to NRC for New Nuclear Reactors in North Carolina

LCG, December 30, 2025--Duke Energy announced today its submission of an early site permit (ESP) application to the U.S. Nuclear Regulatory Commission (NRC). The site is near the Belews Creek Steam Station in Stokes County, North Carolina. The submittal follows two years of work at the site, and the announcement states that the submittal is part of Duke Energy's strategic, on-going commitment to evaluate new nuclear generation options to reliably meet the growing electricity needs of its customers while reducing costs and risks.

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The NRC Issues Summary of 2025 Successes

LCG, December 29, 2025--The Nuclear Regulatory Commission (NRC) today issued a summary of its 2025 accomplishments to highlight its commitment to "enabling the safe and secure use of civilian nuclear energy and radioactive materials through efficient and reliable licensing, oversight, and regulation to benefit society and the environment."

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Industry News

Western Resources, PNM Break Off Merger Talks

LCG, Aug. 14, 2001--Public Service Co. of New Mexico announced that talks with Western Resources Inc. on their proposed $4.4 billion agreement have broken off, but added that the deal isn't dead and the companies will try to resolve their differences.

PNM said in a news release yesterday that the two companies "are in disagreement about the future of the transaction" but Jeff Sterba, the company's chief executive, said "PNM remains committed to the strategic benefits of bringing the two companies' electric operations together."

Western Resources issued a statement saying that PNM's "characterization" that the Kansas company had broken off the talks was wrong. "We have continually expressed our willingness to work with PNM and believe the current transaction can be completed without significant modification of the economic terms," said David Wittig, Western's chief executive.

Recent rulings by the Kansas Corporation Commission appear to be the fly in the ointment. In one ruling last month, the commission blocked Western's restructuring plan, which would have split its regulated electric utilities off from its unregulated business. Western says the restructuring is an essential part of the merger. In another ruling, the regulators denied a $151 million rate increase for the regulated utilities.

Sterba agreed that the rulings were at the heart of the problem. "We continue to believe that the merger agreement with Western, as currently structured, cannot be consummated if the KCC orders stand and the KCC's expressed concerns are not addressed by Western," he said.

Western's two utilities, Kansas Power & Light Co. and Kansas Gas & Electric Co., serve 636,000 customers in the Sunflower State. Together, they are the state's largest electric company.

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