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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

EdF Eyes UK's Seeboard

LCG, Nov. 20, 2001--Electricit de France, fresh from its successful acquisition of a British electric distribution company and a large English power plant from TXU Europe, is said to be interested in purchasing Seeboard, the south-east of England regional electricity company.

EdF already owns London Electricity and the retail business of Sweb, England's southwestern regional electric company. Yesterday the French state-run monopoly announced the purchase of Eastern Energy, Britain's largest electric distribution company, from TXU.

American Electric Power Co. of the U.S. is expected to put Seeboard on the market next year, and Bruno Lescoeur, chief executive of London Electricity, says EdF is interested. "We would definitely be interested in Seeboard if it becomes available," he said.

EdF is Europe's largest electric company and is getting bigger. The acquisition of Seeboard, with London Electricity, Sweb and Eastern Energy already in hand, it would control most of the English power market south of the industrial midlands.

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