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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

Allegheny May Seek Bankruptcy Protection

LCG, June 24, 2003Power and utility company Allegheny Energy said it might seek bankruptcy protection.

The Maryland company noted that several factors have contributed to its decline, including its trading status, the cancellation of projects, and general company performance. As a result, Allegheny is in violation of a public utility law regarding a common equity ratio requirement.

Financial agreements that Allegheny made with other firms require that the company comply with the law, and Allegheny has requested that the Securities and Exchange Commission allow it further financing.

Alleghenys ratio of equity to total capital structure is less that 28 percent.

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