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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

LG&E, Powergen Get SEC Okay,Deal Should Close in a Few Days

LCG, Dec. 7, 2000--Powergen Plc of the United Kingdom received approval yesterday from the U.S. Securities and Exchange Commission for its acquisition of LG&E Energy Corp. ofLouisville, Ky.

The companies said it was the last approval needed for consummation of the merger, which is expected to close "in the next few days."

"The speed with which this transaction has been concluded is a tribute to the people at bothcompanies who have worked diligently to make this powerful combination a reality," said Roger W.Hale, LG&E Energy's chief executive. "We sincerely appreciate their efforts."

"Additionally, we'd like to thank our regulators, both in the United States and the United Kingdom, who recognized the value of this merger for the companies, their employees, their communities and theirshareholders," he added.

LG&E said that shortly after the closing its shareholders will receive letters of transmittal containing instructions for submitting their stock certificates at the agreed upon price of $24.85 a share.

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