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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

Jasper Generating Station Dedicated in SC

LCG, May 11, 2004--South Carolina Electric & Gas dedicated its new combined-cycle, gas-fired power plant in Jasper County, South Carolina, today.

The 875-megawatt plant has been operating since May 1, and uses natural gas brought to the facility through an 18.2-mile interestate pipeline. The pipeline transports gas from a liquefied natural gas site at Elba Island, Ga., which was recently brought back into operation. SCANA Corporation, the parent of SCE&G, also owns the new company responsible for building the pipeline, SCG Pipeline.

The Jasper plant is the largest plant burning fossil fuel within SCE&G's service territory.
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