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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

Coal Prices May Feel Upward Pressure

LCG, Feb. 14, 2003--Following a decrease in capacity among coal companies due to low demand, coal-burning power producers who have let their own inventories shrink could spur price increases when demand returns.

Electricity produced from coal makes up 52% of the U.S.'s energy, yet power producers may have tried to realize savings by skimping on purchases. No concrete numbers are available, but some coal producers believe that the much cold winter now in progress has the potential to cause dangerously low inventories, especially if deliveries to power plants are delayed for any reason. The Energy Information Administration has estimated that the size of coal piles will contract by 5 million tons in the first quarter of the year.

In addition to the incentive of savings, sporadic coal purchases by power producers have likely been caused by lowered credit ratings and less favorable credit terms in the wake of the Enron scandal. Those contracts that have been signed recently have generally been shorter than before, in the range of one to three years in some cases rather than ten to fifteen years.
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