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NuScale Power Achieves Standard Design Approval from NRC for 77 MW SMR

LCG, May 30, 2025--NuScale Power Corporation (NuScale), a leading provider of advanced small modular reactor (SMR) nuclear technology, yesterday announced that it has received design approval from the U.S. Nuclear Regulatory Commission (NRC) for its uprated 77 MW power modules. NuScale states that it remains the only SMR technology company with design approval from the NRC, and the company remains on track for deployment by 2030, with 50- and 77-MW SMR options.

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EIA Presents Analysis of California's Solar and Wind Power Curtailment Challenges

LCG, May 29, 2025--The U.S. Energy Information Administration (EIA) released an analysis yesterday showing that the California Independent System Operator (CAISO), the grid operator for most of the state, is increasing its curtailment of the rapidly growing solar- and wind-powered generation facilities in order to balance electricity supply and demand, which is necessary to maintain a stable electric system.

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Industry News

Con Edison Buys Merger Approval with Rate Cuts

LCG, Oct. 4, 2000Consolidated Edison Co. of New York said yesterday that it had reached agreement with the staff of the New York Public Service Commission and numerous intervenors calling for an immediate $170 cut in its electric distribution rates with more to follow.

In exchange, parties to the agreement will recommend to the commission that it approve the pending acquisition of Northeast Utilities by the utility's parent holding company, Consolidated Edison Inc.

The agreement also calls for another distribution rate reduction of $209 million to take place on April 1 of next year. Also on that date, customers of Northeast Utilities and Con Edison would begin sharing in $18.5 billion in savings expected to be generated by the merger, if the transaction is completed by that time.

Con Edison said the agreement would extend by three years the electric restructuring agreement approved by the commission in 1997, and provide about $1.5 billion of rate benefits to customers in addition to the more than $1.1 billion provided for in the 1997 agreement.

The typical New York City residential customer will save approximately $50 annually, while the typical small commercial customer will save about $100 annually and the somewhat larger commercial customer will save about $1,000 a year, Con Edison said.

Nearly a year ago, Consolidated Edison Inc. agreed to acquire Northeast Utilities in a deal valued at $7.5 billion, with $3.29 billion in cash and the balance in assumption of debt.

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