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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

NY Wind Projects Poised to Start Construction

LCG, August 22, 2007--The New York State Public Service Commission (PSC) last week granted Certificates of Public Convenience and Necessity (CPCN) for the Cohocton and Dutch Hill wind projects in Steuben County, New York.

The combined electric generating capacity of the two wind farms is 127.5 MW. The Cohocton project will include a maximum of 35 Clipper wind turbines, each with a generating capacity of 2.5 MW. Each wind turbine will include a 315-foot diameter, three-blade rotor mounted on a 262-foot tall tubular steel tower. The Dutch Hill project will include up to 16 Clipper wind turbines of the same size.

The projects are being developed by Canandaigua Power Partners and Canandaigua Power Partners II, which are wholly-owned subsidiaries of UPC Wind Partners, LLC. According to the developer, construction on the Cohocton project is to commence this week.
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