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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

Indian Buyers Seek 'Due Diligence' on Dabhol

LCG, Nov. 13, 2001--Tata Power Co and BSES Ltd. will start valuing the assets of Dabhol Power Co. assets in a few days in anticipation of a possible purchase of Enron Corp.'s majority stake, the Industrial Development Bank of India said yesterday.

The two Indian utilities hope to begin a "due diligence" inspection of financial records and operations with a view to arriving at a offer price for Dabhol's $2.9 billion power plant on the west coast of India, Reuters news agency said.

Tata and BSES hope to acquire Enron's 65 percent interest in Dabhol, plus the 10 percent each owned by General Electric Co. and Bechtel Enterprises, both of the U.S.

Enron has said it wants $1 billion for its 65 percent in Dabhol, but Indian sources say that 85 percent of the company could be had for around $800 to $900 million.

"The sale price of the shareholding of Enron and its associates in DPC would be decided by the concerned parties through mutual negotiations," the IDBI said in a statement.

Indian lenders to the Dabhol project account for about $1.4 billion of its debt, and they are casting a wary eye to news about Enron emanating from the U.S. They fear that if Enron is unable to sell its stake and terminates its contract with the Maharashtra State Electricity Board, it could end up defaulting on its loans.

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