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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

KCP&L's Kansas Wind Farm Commences Operations

LCG, September 15, 2006--Kansas City Power & Light (KCP&L) announced Wednesday that its Spearville Wind Energy Facility, with an electric generating capacity of 100.5 MW, is delivering power to the grid and is now fully operational. The new wind farm is located about 17 miles northeast of Dodge City, near Spearville, Kansas.

KCP&L, a subsidiary of Great Plains Energy, began construction on the project in April. The estimated total capital cost of the project is approximately $166 million, and the wind farm includes 67 wind turbines. KCP&L selected enXco, Inc. last December to develop and construct the project.

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