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FERC Releases the 2025 Summer Assessment for Energy Markets and Electric Reliability

LCG, May 15, 2025--The Federal Energy Regulatory Commission (FERC) announced today the release of the staff’s 2025 Summer Assessment on the outlook for energy markets and electric reliability during the June to September time frame.

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NRC Accepts Construction Permit Application for Dow's Advanced X-energy SMR Project in Texas

LCG, May 14, 2025--The U.S. Nuclear Regulatory Commission (NRC) accepted Dow's construction permit application to build X-energy Reactor Company, LLC's ("X-energy") first small modular reactor (SMR) plant to power a chemical facility in Seadrift, Texas. Dow's wholly-owned subsidiary, Long Mott Energy LLC, is developing the project to provide Dow's UCC1 Seadrift Operations manufacturing site with safe, reliable, and clean power and industrial steam to replace existing energy and steam assets that are approaching end-of-life. The project is part of a demonstration project supported by the U.S. Department of Energy (DOE) and, if approved, would be the first advanced nuclear facility at an industrial site in the United States.

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Industry News

New Hampshire Regulators to Auction Seabrook Nuke

LCG, Dec. 3, 2001--The New Hampshire Public Utilities Commission said this morning it has retained the investment banking firm of JPMorgan as exclusive financial advisor to conduct an auction sale of 88.2 percent of the Seabrook nuclear power plant, which is expected to be completed by the end of 2002.

Seabrook is a 1,160 megawatt pressurized water facility located 13 miles south of Portsmouth, N.H., and one of the largest power plants in New England. The commission said the sale would include buildings and components of a second Seabrook unit which was never completed.

The selling owners of Seabrook, owning 88.2 percent of the plant among them, include North Atlantic Energy Corp. with 35.98 percent ownership, The United Illuminating Co.(17.50 percent), Great Bay Power Corp. (12.13 percent), New England Power Co. (9.96 percent), The Connecticut Light & Power Co. (4.06 percent), Canal Electric Co. (3.52 percent), Little Bay Power Corp. (2.90 percent) and New Hampshire Electric Cooperative Inc. (2.17 percent).

The commission said the auction is being conducted in accordance with New Hampshire and Connecticut restructuring laws. General Counsel Gary Epler said "We are pleased to begin the auction process and look forward to executing a timely process which will maximize the value of Seabrook and reduce stranded costs for customers."

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