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Duke Energy Seeks to Extend Operating License for Robinson Nuclear Plant

LCG, April 9, 2025--Duke Energy announced yesterday its submission of a subsequent license renewal (SLR) application to the U.S. Nuclear Regulatory Commission (NRC) for the Robinson Nuclear Plant, a 759-MW nuclear unit located near Hartsville, South Carolina. The application requests extending the plant's operations for an additional 20 years.

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Gemma Power Systems Receives Notice to Proceed on a 1.2-GW Power Project in Texas

LCG, April 8, 2025--Gemma Power Systems (“Gemma”), a wholly owned subsidiary of Argan, Inc. (“Argan”), has received a notice to proceed on its previously announced engineering, procurement and construction (“EPC”) services contract with Sandow Lakes Energy Company, LLC (“SLEC”) for a 1.2-GW power plant in Lee County, Texas. Construction of the natural gas-fired, combined cycle facility is scheduled to commence this summer, with an expected project completion date in 2028

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Industry News

Financial Condition of British Energy Could Reflect on Bruce Power

LCG, Sep. 6, 2002--With the privatized British Energy seeking U.K. intervention to prevent insolvency, conditions at one of its subsidiary's nuclear plants in Canada are seen as having the potential to be adversely affected.

The Canadian Nuclear Safety Commission would like assurance that during the next six months, Bruce Power will have the financial resources to operate its eight nuclear reactors in Ontario without trouble. The commission's request is a part of its normal role, in which nuclear operators are required to provide updates at three month intervals.

"As one of the conditions of its operating license, Bruce Power is required to have financial guarantees that if ever they should have to cease operations there would be financing available to them to cover their operations for six months to ensure a safe shutdown," spokesman Michel Cleroux of the CNSC disclosed to Reuters.

If British Energy, as an 82-percent owner of Bruce Power, cannot provide adequate reassurance to the licensing body, Bruce Power would need to seek its own financing arrangements. Bruce Power is also owned by Cameco Corp., a miner of uranium.
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