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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

Conversion of Coal-fired Plant Near Completion

LCG, Apr. 21, 2003--The shutdown of the coal-burning part of the Noblesville power plant in Indiana in late February will be followed in June by the start-up of three new gas-fired combustion turbines, according to Cinergy Corp.

The plant was rated at 90 megawatts previously, and with the operation of the gas turbines, will have a nominal capacity of 300 megawatts. The turbines from the coal plant will be run by steam created by the new turbines. Emissions will be reduced by 94 percent, PSI Energy Inc., the Cinergy subsidiary responsible for the conversion, said.

The same firm that designed the original NOblesville plant, Sargent & Lundy, has also done the engineering work for the current installation. It is thought that the facility will produce power for about half the year, for peak demand. The increased efficiency and reduced emissions may aid PSI Energy in reaching a final agreement with the Environmental Protection Agency over emission limits to accompany capacity expansion. Hamilton County will benefit from the new turbines, as its reserve margin has been as low as 1 percent in the past few years.
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