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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

610-MW Texas Generating Unit Out Following Pipe Rupture

LCG, July 15, 2003--One of the W.A. Parish power plant's four generating units, Unit 8, is being inspected to determine the extent of damage it suffered when a steam pipe ruptured for unknown reasons.The unit, rated at 610 megawatts of capacity, will be shut down until the extent of any necessary repairs has been determined. Meanwhile, Texas Genco Holdings, Inc., which owns W.A. Parish, will obtain capacity to substitute for the lost output from the market. The incident, which occurred Tuesday, did not result in service interruptions to customers, and no plant staff were injured. The plant, which burns coal, is approximately 50 miles southwest of Houston, in Fort Bend County.
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