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Duke Energy Submits Early Site Permit Application to NRC for New Nuclear Reactors in North Carolina

LCG, December 30, 2025--Duke Energy announced today its submission of an early site permit (ESP) application to the U.S. Nuclear Regulatory Commission (NRC). The site is near the Belews Creek Steam Station in Stokes County, North Carolina. The submittal follows two years of work at the site, and the announcement states that the submittal is part of Duke Energy's strategic, on-going commitment to evaluate new nuclear generation options to reliably meet the growing electricity needs of its customers while reducing costs and risks.

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The NRC Issues Summary of 2025 Successes

LCG, December 29, 2025--The Nuclear Regulatory Commission (NRC) today issued a summary of its 2025 accomplishments to highlight its commitment to "enabling the safe and secure use of civilian nuclear energy and radioactive materials through efficient and reliable licensing, oversight, and regulation to benefit society and the environment."

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Industry News

Northwest Natural Gas Still Wants Enron's Portland General

LCG, Nov. 29, 2001--Northwest Natural Gas. Co. said this morning that it had filed an application yesterday with Oregon regulators seeking approval of its plans to acquire utility Portland General Electric Co. from disintegrating Enron Corp. for about $2.9 billion.

There were fears yesterday that the acquisition could be a victim of Enron's growing troubles, especially after Standard & Poor's slashed its credit ratings to junk status and Dynegy Inc. walked away from a deal to buy out its larger rival.

But Northwest natural Gas is staying the course. The company's general counsel, Mark Dodson, said yesterday "We remain confident the necessary approvals can be obtained in an expeditious manner."

The application to the Oregon Public Utility Commission was the first in a chain of several such filings. The deal also requires approval by the Washington Utilities and Transportation Commission, the Nuclear Regulatory Commission, the Securities and Exchange Commission, the Federal Energy Regulatory Commission, the Federal Trade Commission and the U.S. Department of Justice.

Northwest Natural Gas agreed on October 8 to acquire PGE, Oregon's largest utility, for $1.8 billion plus about $1.1 billion in assumed debt and preferred stock.

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