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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

Washington State Storm Cuts Power

LCG, Oct. 29, 2003--Power was cut to over 100,000 electricity customers in Washington state, due to a storm that packed high winds on Tuesday.

The area affected included the Snohomish County Public Utility District, as well as north Seattle, and the counties of Skagit and Island. The latter counties are served by Puget Sound Energy. During the worst part of the storm, 82,000 customers lost power in Snohomish County PUD territory, and ferry travel was suspended on two routes and delayed on another.

Damage to buildings and equipment was sustained from the impact of 70 mph winds, which resulted from a cold front. Dust was a factor in a 30-vehicle accident on a state highway, although no fatalities were reported. The cold front could cause fruit still unharvested from orchards to be lower in quality, and might affect the yield from next year's harvest as well.
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