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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

Las Vegas-Area Plant Near Operation

LCG, Jan. 27, 2003--Testing is underway at a new 533-megawatt power plant built by Mirant Corp. in an industrial area of Las Vegas, Apex.

The gas-fired, combined-cycle faciity is expected to produce power in early April, and will use minimal water for cooling (30 gallons per minute), relying primarily on air. Mirant has planned from the beginning of the project to install a second phase at the Apex Generating Station of approximately the same size as the first, but has not said when it might begin construction.

Output from Apex will be sold under contract, although the company is still working to sign deals for the plant's capacity. Another project scheduled to open in the fall is Reliant Energy's Primm plant, a 550-megawatt facility.
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