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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

California's Trans Bay Cable Gains Momentum

LCG, September 9, 2005--Babcock & Brown Power Operating Partners LLC announced yesterday that it received preliminary approval from the directors of the California Independent System Operator (ISO) for its proposed Trans Bay Cable, a $300 million electric transmission project designed to improve grid reliability and service to San Francisco.

The proposed high voltage direct current (HVDC) cable will extend 55 miles from Pittsburg to San Francisco via an underwater route in the San Francisco Bay and will be capable of delivering up to 400 MW into San Francisco. The project is scheduled to commence operations in 2009. Once completed, the operational control will be transferred to the California ISO.

Babcock & Brown Power Operating Partners LLC stated that approval from the California Public Utilities Commission (CPUC) is not necessary, as the other project participants, the City of Pittsburg and Pittsburg Power Co., are not regulated by the CPUC. Environmental approval is still required in order for construction to begin. On July 21, the Federal Energy Regulatory Commission (FERC) gave preliminary approval for the underlying rate principles.

Babcock & Brown Power Operating Partners LLC is a unit of Australia's second-largest investment bank, Babcock & Brown Ltd., which is based in Sydney.

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