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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

Mountainview Project Starts Generating Power

LCG, December 13, 2005--Southern California Edison (SCE) announced that commercial operations commenced on Saturday at one of the two gas-fired, electric generating units at the Mountainview Project, located in Redlands, California. The second unit is scheduled to start commercial operations early next year. In total, the station will provide an additional 1,054 MW of generating capacity to the Southern California electric system.

The combined cycle station consists of two units. Each new unit includes two combustion turbine generators, two heat recovery steam generators, and one steam turbine generator.

Plant construction was started by AES in 2001. California's energy crisis led to a halt in construction. InterGen, a Bechtel-Shell joint venture, purchased the project in March 2003. SCE exercised an option to purchase the partially completed plant in March of 2004, and the construction project was completed by Bechtel.

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