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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

LS Power's Arkansas Coal Project Picks Up Steam

LCG, August 4, 2006--Plum Point Energy Associates, LLC ("Plum Point") announced yesterday that it has signed a 200-MW, 30-year power purchase agreement (PPA) with South Mississippi Electric Power Association. Plum Point is a a member of the LS Power Group of St. Louis, Missouri.

The agreement provides South Mississippi Electric Power Association electricity from the Plum Point Project, a greenfield, coal-fired power project with a design capacity of 665 MW. Construction on the plant, located near Osceola, Arkansas, began in March of this year, and commercial operations are scheduled to commence in mid-2010. The agreement with South Mississippi Electric Power Association is subject to approval from the Rural Utility Service.

According to Plum Point, approximately 80 percent of the project has now been sold under long-term contract or through tenancy in common interests. Other customers participating in the project are East Texas Electric Cooperative, Inc., the Missouri Joint Municipal Electric Utility Commission, The Empire District Electric Company, and the Municipal Energy Agency of Mississippi.











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