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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

Alberta Utilities Commission Approves Greengate Power's 400-MW Solar Project

LCG, August 28, 2019--Greengate Power Corporation (Greengate) announced yesterday that it has received approval from the Alberta Utilities Commission (AUC) to construct and operate the 400-MW Travers Solar project pursuant to the Alberta Hydro and Electric Energy Act and the Alberta Utilities Commission Act. The Travers Solar project is expected to be Canada???s largest operating solar energy project.

The Travers Solar project, with an estimated total investment of approximately $500 million, is scheduled to begin construction next year and achieve full commercial operations in 2021. Under development since 2017, the project will include approximately 2.5 million solar PV modules to be installed over 4,700 acres of privately owned, cultivated, and grazing land located near the Village of Lomond, in Vulcan County, Alberta.

The President and CEO of Greengate stated, "We are very pleased to have received approval for what we expect will be Canada???s largest solar energy project and one of the largest in the world. This continues our successful track record, having already developed some of the largest renewable energy projects in the country. We anticipate that Travers Solar will bring significant investment, employment and clean renewable energy to Alberta while strengthening the province's position as a global energy and environmental leader."
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