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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

Newsmakers

Richard E. Terry, the chairman and chief executive officer of Peoples Energy, will retire effective August 1. He will be succeeded by Thomas Patrick, now president and chief operating officer. Patrick will continue as president upon the transition. Terry will have completed a 30-year career with Peoples Energy, having originally joined the legal department and served for over 11 years as chairman and CEO. Patrick, who has been with the company for 26 years, oversaw the company's utility subsidiaries and managed regulatory affairs and gas supply until 1998.

CMS Energy has promoted Michael VanHemert to the new position of vice president and secretary of CMS Enterprises, the diversified energy business unit. He will manage CMS Enterprises' corporate secretary activities as well as CMS Energy's investor services and corporate records areas. He will continue to serve as deputy general counsel of CMS Energy, in which position he is responsible for financing and securities matters.

Gary Cardone is resigning from Dynegy Europe, to take leave of absence for an undetermined length of time. Cardone was responsible for initiating gas trading in Britain when he helped create British Gas' energy trading division in 1994.

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