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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

Xcel Energy Files Proposed Settlement for Colorado

LCG, December 7, 2004--Xcel Energy filed a settlement agreement with the Colorado Public Utilities Commission (CPUC) for its Least-Cost Plan (LCP) on Friday. Under the agreement, Xcel Energy's subsidiary, Public Service Company of Colorado (PSCo), would proceed with its plan to add 3,600 MW of new generating capacity by 2013.

The LCP was filed last April, and in November the public hearings were suspended to allow for the development of a settlement agreement. The proposed settlement, which includes participants such as the Commission Staff, the Sierra Club, and Calpine, must be approved by CPUC. A public review of the settlement is scheduled for December 8, and Commissioners potentially could issue a decision by the end of this year.

A key element of the plan is the construction of a new, 750-MW coal-fired unit at that existing Comanche Station, located near Pueblo. PSCo had previously submitted its LCP and requested a Certificate of Public Convenience and Necessity (CPCN) to build a 750 MW expansion of its Comanche Station - with a waiver from the competitive bidding process. The proposed settlement includes the waiver, and the new plant will be built under a confidential construction cost cap. The total project cost, including required transmission, is estimated to be $1.35 billion.

With respect to avoiding competitive bidding for large coal projects, a similar position was taken by Xcel Energy in its biennial Resource Plan submitted last month to the Minnesota Public Utilities Commission. To supplement existing supplies in Minnesota, Xcel proposed to add 1,125 MW of generating capacity by 2015, with the most likely fuel for base load capacity being coal. To pursue new, base-load capacity, Xcel proposed an alternative to competitive bidding because, as stated in the Resource Plan, that process is "not well suited to evaluate coal and large-scale" plants.

For the Commanche expansion, Xcel will also be allowed to include construction work in progress (CWIP) in base rate requests, without offset, beginning with the planned 2006 rate case filing, depending upon the company's capital structure and its senior unsecured debt rating.

The proposed settlement includes provisions for the installation of new pollution control equipment to reduce SO2, NOx and mercury emissions at the existing Comanche Station units, which have a capacity of 660 MW. The settlement also includes provisions for demand-side management efforts and expenditures, as well as commitments toward developing renewables as part of the supply mix.

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