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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

Dynegy Reaches Settlement Related to CA Energy Crisis

LCG, Apr. 27, 2004--Dynegy Inc. has agreed to a settlement with California and federal authorities, such that its West Coast Power LLC trading unit, which it owns with NRG Energy, will forego payment of $259 million for previous power sales, while it will pay an additional $22.5 million for distribution to power buyers.

The Federal Energy Regulatory Commission and California Public Utilities Commission reached the settlement, which was related to charges that it withheld power from the market on occasions during the period from January 2000 to June 2001.

Under the settlement, the cancellation of outstanding bills for power purchases will be divided among the major California utilities and the California Department of Water Resources. Pacific Gas and Electric Co. will be recognized in the amount of $82.3 million, Southern California Edison with $34.4 million, and San Diego Gas & Electric in the amount of $16.5 million.
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