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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

NRG Buys 2 Connecticut Plants from Wisconsin Energy

LCG, Dec. 28, 2000--NRG Energy Inc. said yesterday it has agreed to acquire the Bridgeport and New Haven Harbor power plants in Connecticut from Wisconsin Energy Corp. for $325 million, subject to customary purchase price adjustments.

The two plants had earlier been acquired from United Illuminating Co. by Wisconsin Energy. Bridgeport is a 660 megawatt oil-fired steam turbine plant and has an additional 19 megawatts of combustion turbine capacity. New Haven Harbor is a 431 megawatt oil-fired steam turbine plant.

David H. Peterson, chief executive of NRG, said the acquisition will be immediately accretive to earnings. "Acquiring these generating facilities is consistent with NRG's strategy of developing and maintaining a top-three position in the Northeast," he said.

Richard A. Abdoo, chief executive of Wisconsin Energy, said "We are focusing on our core competencies of international manufacturing, electric generation and electric and natural gas distribution in the Midwest. And while we are impressed with the quality of these facilities because of their fuel flexibility and skilled workforce, we have decided to monetize the value of these assets to benefit our shareholders."

The transaction, subject to approvals from the Federal Trade Commission and the Federal EnergyRegulatory Commission, is expected to close during the first half of next year.

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