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NRC Accepts the Construction Permit Application for TVA's Small Modular Reactor Project

LCG, July 10, 2025--The U.S. Nuclear Regulatory Commission (NRC) accepted a construction permit application for review from the Tennessee Valley Authority (TVA) to build one of the nation’s first small modular reactors (SMR). TVA submitted its application in late May to use GE Vernova Hitachi’s BWRX-300 design and to install the advanced nuclear plant at its Clinch River site near Oak Ridge, Tennessee. TVA's application is the first in the U.S. that uses GE Vernova Hitachi’s BWRX-300 design.

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Red Oak Power Facility in PJM to be Acquired by Strategic Value Partners

LCG, July 9, 2025--Strategic Value Partners, LLC (together with its affiliates, SVP) yesterday announced that its managed funds (the "SVP Funds") have agreed to acquire Red Oak Power, an 831-MW natural gas-fired combined-cycle power generation facility located in Sayreville, New Jersey.

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Industry News

EKPC to Request Approval for Emissions Project at Coal-fired Plant in Kentucky

LCG, July 16, 2013--East Kentucky Power Cooperative (EKPC) announced it will pursue regulatory approval from the Kentucky Public Service Commission to comply with federal emission standards for the 116-MW, Unit 1 at Cooper Station in Burnside, Kentucky.

EKPC plans to request a certificate of convenience and necessity to complete the project that will connect the Cooper Unit #1 to a circulating dry scrubber at the station with available capacity that was completed in 2012 for Unit #2. That project for Unit #2 cost approximatly $225 million, and the new project is estimated to cost approximately $15 million.

The scrubber removes sulfur dioxide and other emissions from the flue gas of the coal-fired unit.

"EKPC is proposing what we believe is a very reasonable investment to extend the life of a reliable generating unit," said EKPC's president and CEO. "We believe this will benefit our cooperative, the Lake Cumberland community and our owner-members and the 520,000 homes and businesses they serve."

Cooper Unit #1 came online in 1965 and primarily burns Kentucky coal.

"Ultimately, co-op members bear the costs of any modifications," stated the CEO. "We owe it to them to ensure that EKPC complies with these new rules while continuing to provide power as reliably and affordably as possible."
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