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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

NRC Cites Con Edison for Indian Point 2 Violations

LCG, Aug. 10, 2000--In a move that could indicate that Consolidated Edison Co. of New York is a long way from resolving its restart problems at the Indian Point 2 nuclear power plant, the Nuclear Regulatory Commission yesterday cited the utility for three violations related to the emergency preparedness program at the idle facility.

Immediately after Indian Point 2 was shut down February 15 with a leaky steam generator tube, the NRC sent in an "Augmented Inspection Team" to check the plant out. The team identified some emergency preparedness shortcomings at the plant so its inspection was followed up in May and June with a closer look.

The agency said a July 14 inspection report listed three potential "white" findings and offered the company an opportunity to attend a regulatory conference with the NRC staff or to respond to the report in writing. The Company declined to attend a conference, indicating it did not contest the characterization of the risk significance of these findings.

The NRC said its staff now has completed its assessment and has determined that the three findings were appropriately characterized as "white." These "white" findings, explained the agency, "involve failures to meet NRC emergency planning standards for: the timely augmentation by the emergency response organization, the timely accountability of onsite radiation emergency response workers and the factual and consistent dissemination of information to the media and a local official."

White isnt as good as green, but not as bad as yellow or red.

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