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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

First Solar Completes 550-MW Solar Project in Southern California

LCG, January 21, 2015-First Solar has completed construction of the 550-MW Desert Sunlight Solar Farm, which is co-owned by NextEra Energy Resources, GE Energy Financial Services, and Sumitomo Corporation of America. The Southern California project reached the commercial operations milestone on December 5, 2014, according to the California ISO. Construction on the project began in September 2011.

The electricity generated by the solar photovoltaic (PV) facility is under power purchase agreements (PPAs) with Pacific Gas & Electric (PG&E) and Southern California Edison (SCE). PG&E's share of capacity is 300 MW, with SCE contracting for 250 MW.

The Desert Sunlight Solar Farm is located in Riverside County on land managed by the Federal Bureau of Land Management (BLM).
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