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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

Southern Company Announces Combined-Cycle Operations

LCG, Oct. 2, 2003--A 630-megawatt gas-fired combined-cycle unit near Orlando, Fla., has begun operating, according to Southern Company, which developed "Stanton A" with the Orland Utilities Commission (OUC), Florida Municipal Power Agency (FMPA), and Kissimmee Utility Authority.

Southern Company, the owner of four major Southeastern electric utilities, was responsible for the design and construction of the facility, while the portion of output of Stanton A it owns has been purchased by OUC, KUA and FMPA. OUC owns almost one-third of the output. The general manager and CEO of OUC, Bob Haven, said that OUC will retain the ability to purchase more than what it purchases currently. "This additional capacity will help OUC maintain the reliability our customers expect."

OUC, a municipally owned utility for Orlando, is the second-largest municipal electric utility in the state of Florida, with a customer base of 190,000. FMPA, owned by 29 municipal electric utilities, retains power generation and furnishes services for municipal utilities. KUA provides electric, water and Internet services to 61,000 customers spread across five counties in Central Florida.
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