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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

AEP to Split into Two Firms, Target Wholesale Power

LCG, Nov. 1, 2000--American Electric Power Co. chief executive E. Linn Draper said yesterday his company plans to split into two companies, one to focus on competitive wholesale power and the other to operate the company's regulated businesses in the U.S. and abroad.

"Our focus for growth moving forward, plain and simple, will be the wholesale business; generation and related energy assets, wholesale marketing and trading," said Draper who was addressing a San Francisco conference sponsored by the Edison Electric Institute.

He also said that AEP has decided not to pursue combination of its 100 percent owned British regional electric company Seeboard Plc with Yorkshire Electricity Plc, another REC it owns in equal shares with Xcel Energy Inc. AEP would have bought out Xcel under the plan.

Draper said that AEP would apply later this week to the Securities and Exchange Commission for authority to form the two companies. The two firms would be under am umbrella holding company, he said.

Draper would not say whether public offerings were contemplated for selling stock in the two new companies. "We have a number of options to consider, but we expect it will take at least a year" to get necessary regulatory approvals and complete all the paperwork to set up the companies he said.

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