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The Nuclear Company Announces a 6.6 GW Nuclear Project to Commence Construction by 2030 in Kentucky

LCG, October 21, 2026--The Nuclear Company today announced a proposed nuclear energy campus in Kentucky that could potentially provide 6.6 GW of electric generating capacity. The Prosperity One nuclear energy campus, located along the Ohio River in eastern Kentucky, could accommodate up to six Westinghouse AP1000 reactors and would be the largest nuclear power generation site in the nation if fully constructed.

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FERC Proposes NEPA Revisions to Streamline Air Quality Analyses and Accelerate Natural Gas Projects

LCG, October 16, 2026--The Federal Energy Regulatory Commission (FERC) announced on Thursday its new proposal to revise and accelerate its review of air quality effects for proposed natural gas projects under the National Environmental Policy Act (NEPA). The draft policy statement highlights revisions designed to (i) avoid unnecessary delays and duplicative analysis and (ii) deliver greater regulatory certainty and a streamlined path forward for project applicants.

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Industry News

About Those 'Robber Barons' Stock Sales

LCG, Feb. 2, 2001 Four California utility executives sold small portions of their holdings in their companies last year, making profits of three or four dollars a share where once they had paper profits of many times that amount, and did so only after their companies had made full public disclosure of their deteriorating financial condition.

Doug Heller, consumer advocate for the Foundation for Taxpayer and Consumer Rights in Santa Monica, was quick to make a statement. "The Legislature and governor should have thought twice before handing out a bailout to these robber barons," he said.

But are the robber barons really such?

Gordon Smith, chief executive of pacific Gas & Electric Co. and Richard Clarke, a former CEO and currently a director, between them sold 32,500 shares of stock, realizing a gain of only $3.63 per share on average.

It's not as though they were bailing out. Smith still holds about 400,000 shares of stock which are now worth about half of what they were worth last August.

At Edison International Inc., parent of Southern California Edison Co., controller Tom Noonan made a whopping $4.25 per share by tapping into options on 8.300 shares. Chief information officer Mavash Yazdi sold 3,000 shared of Edison at $24.25, but the price he had paid was not available.

At the time of the stock sales, both companies had already issued warnings that skyrocketing wholesale power prices were draining their available resources.

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