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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

SUNY Stony Brook, Calpine to Boost Long Island Power Supply

LCG, January 22, 2003--An 80-megawatt expansion of the existing Bethpage cogeneration plant on the State University of New York at Stony Brook campus is planned, based on talks between Calpine Corporation, the Long Island Power Authority (LIPA), and the university.

The project will increase the efficiency of the plant, which underwent minor expansion last summer, while allowing LIPA to purchase even more of the excess electricity not used by university facilities. The cogeneration plant, built in 1995, now has a 45-megawatt capacity, and can supply steam to the university, which has 22,000 students. The plant will be expanded first in August, with a new 45-megawatt LM6000 turbine, which will be used in peaking mode.

The second phase of expansion will take place in summer 2004, when the operation of a new steam turbine will provide an additional 35 megawatts, and allow the two newest generating unit to operate in a baseload, combined-cycle mode. The project requires some remaining approvals from the state and other local governments. "The project is a win-win situation. It will provide the campus with a reliable and cost-effective power supply well into the future and will help alleviate the current power shortage on Long Island," said Stony Brook president Shirley Strum Kenny.
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