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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

Ontario Competition Could Be Slowed by Credit Fears

LCG, Feb. 27, 2002--Although a competitive power market is due to begin in Ontario on May 1, acquisitions of Ontario Power Generation's power-producing assets have been slow enough that the spin-off of utility Ontario Hydro still owns 80 percent of the province's generating assets.

Ontario Power's management attributes the slow pace of divestiture to banks' Enron-inspired fear of utility credit problems. Ron Robinson, vice-president of portfolio management at OPG said, "they don't have the money to come in and invest. Not only are they withdrawing their interest, they're going home to take care of their balance sheets."

The provincial transition plan for full competition requires that within ten years, no more than 35 percent of Ontario electric output should come from OPG. The single major competition-related development in the province to date has involved Bruce Power, a partnership of British Energy Plc and Cameco Corp., a Canadian uranium supplier. Bruce Power's nuclear assets, which it is leasing from OPG until 2018, produce 17 percent of the province's electric power needs.

Some heavy industrial users have voiced concern that unless divestiture accelerates, power prices could increase. Lauri Gregg, of Falconbridge Ltd., the third-largest nickel producer in the world, said, "the faster we get competition the faster we get efficiency in the market." Gregg mentioned that Falconbridge had urged a five-year timetable instead.
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