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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

60-Megawatt wind Farm Approved for Nebraska

LCG, May 17, 2004--A planned wind farm that would include 41 turbines has received a vote of support from the Nebraska Public Power District, which will now seek approval by the Nebraska Power Review Board.

The NPPD and Omaha Public Power District would each be investors in the wind farm, with the latter set to receive 10 megawatts of output. The share to be secured by NPPD would be 32 megawatts. Additional output would be assigned to Florida-based Jacksonville Electric Authority, Municipal Energy Agency of Nebraska, and the City of Grand Island.

Although the current size of the project is 60 megawatts, the total capacity could be expanded to 75 megawatts, provided more utilities agree to invest in the project. Financing for the wind farm will be provided by tax-exempt bonds.
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