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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

Calpine Gets $83.32 Per Megawatt-hour in Third Quarter

LCG, Oct. 27, 2000--Independent power producer Calpine Corp. said yesterday that the average price it received for electricity it generated during the third quarter was $83.32 per megawatt-hour, a 71 percent increase from $48.74 in the same period last year.

The robust increase in revenue per unit of production boosted Calpine's earnings beyond expectations. The company said third quarter earnings, before an extraordinary charge, rose to $147.1 million, or $0.96 a share, from $42.9 million or $0.37 in 1999.

Calpine's results easily exceeded Wall Street estimates of $0.79 per share and the company sounded like it could use Al Jolson's line: "You ain't seen nothin' yet."

Peter Cartwright, chief executive of the San Jose, Calif. company, said "We are very confident that we will exceed the analysts' expectations (in the next quarter)," and Rick Barraza, vice president for investor relations echoed "We are going to have a very strong finish to an excellent 2000."

Calpine said it sold almost a third of its power in California and other western states where prices soared this summer due to a booming economy based on energy-hungry computers and Internet devices.

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