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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

Regulators Cut Nevada Power's Rate Plan in Half

LCG, April 2, 2002-Nevada Power has been denied its attempt to pull itself out of the red as regulators prevent the utility from establishing its $922 million rate increase.

The company had planned to recover $922 million by increasing rates, but Nevada Public Utility Commissioners were concerned that consumers would not be able to pay higher rates and also cited situations where Nevada Power could have avoided the debt it incurred.

According to the Las Vegas Review, Commissioners said there was evidence showing that Nevada Power had not taken offers for cheaper electricity at 3 cents a kilowatt-hour from Merril Lynch in December 2000.

Some officials fear that the Public Utilities Commission has still been too generous to the utility, and low and fixed-income customers might go without air-conditioning in the Nevada desert this summer.

The utility insists it was concerned most about providing power to customers during a power crisis. Analysts say that the utility has little choice beyond filing for bankruptcy in recovering the money it borrowed to buy power and fuel last year.

Nevada Power had received permission to raise rates in 2000 and in 2001, but this year the utility was allowed $437 million less than its requested $922 million rate increase.

The utility has not yet said whether it will file for bankruptcy, a move that will allow it more flexibility in arranging contracts.

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