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The Nuclear Company Announces a 6.6 GW Nuclear Project to Commence Construction by 2030 in Kentucky

LCG, October 21, 2026--The Nuclear Company today announced a proposed nuclear energy campus in Kentucky that could potentially provide 6.6 GW of electric generating capacity. The Prosperity One nuclear energy campus, located along the Ohio River in eastern Kentucky, could accommodate up to six Westinghouse AP1000 reactors and would be the largest nuclear power generation site in the nation if fully constructed.

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FERC Proposes NEPA Revisions to Streamline Air Quality Analyses and Accelerate Natural Gas Projects

LCG, October 16, 2026--The Federal Energy Regulatory Commission (FERC) announced on Thursday its new proposal to revise and accelerate its review of air quality effects for proposed natural gas projects under the National Environmental Policy Act (NEPA). The draft policy statement highlights revisions designed to (i) avoid unnecessary delays and duplicative analysis and (ii) deliver greater regulatory certainty and a streamlined path forward for project applicants.

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Industry News

Bankruptcy Court Tentatively Approves PG&E Utility Disclosure

LCG, July 31, 2003Yesterday a federal bankruptcy judge conditionally approved Pacific Gas & Electric utilitys most recent disclosure regarding its reorganization plan.

Pacific Gas & Electric Company, a subsidiary of the PG&E Corporation, filed for bankruptcy protection in April of 2001. The company could not match the high cost of wholesale power with controlled retail prices.

Since that time, the court, creditors and the California Public Utilities Commission (PUC) have endeavored to come up with a reasonable reorganization plan for the utility. Pacific Gas & Electric wanted to split its assets into several companies, most of which would fall outside of Californias control. The PUC believed that the utility should stay in-state while emerging from court protection.

California regulators and the utility came to an agreement last month over the companys reorganization, and now the court has conditionally approved the most recent disclosure statement describing the plan.

The conditional approval is expected to be finalized this week as language in the disclosure needs minor additions, according to Pacific Gas & Electric spokesperson Ron Low.

After approval, the plan will be sent to the utilitys creditors for a vote, conducted between August 15 and September 29.

According to the latest version of the possible reorganization, the utility will meet its obligations by using money from retail electricity rates and by doing without dividends.

Regulators, the PG&E Corporation, and the utility will all have to approve the plan before it can be made official. Public hearings will be held prior to the PUCs approval, and approval has to come before the end of the year for the settlement to remain viable.

The utility has roughly $12 billion of debt, $3 billion of which it has already made in profit since April 2001 because its retail rates are higher than current wholesale prices.

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