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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

Newsmakers

Ron Cardwell has joined the Allegheny Energy Inc. as a vice president ofAllegheny Energy Solutions, an unregulated subsidiary that focuses on distributed generation and other energy-related products and services. He most recently was with Navigant Consulting Inc., where he was responsible for developing growth strategies for energy and utility companies.

Tony J. Finneman, vice president for operations of natural gas firm WBI Holdings Inc. has been promoted to executive vice president and general manager of Williston Basin Interstate Pipeline Co., the company's regulated natural gas pipeline and storage subsidiary.

Philip J. Pellegrino has resigned from his position as chief executive and president of ISO New England, effective immediately, to pursue other professional interests. Chairman William W. Berry will assume Pellegrino's responsibilities on an interim basis while a search is undertaken for a replacement.

Gerald J. Stalun has been named executive vice president and managing director of Duke Capital Partners LLC, a business unit of Duke Energy Corp. and will be responsible for the company's Charlotte operation. He most recently was managing director and co-head of global project finance for the power industry at Bank of America.

Darwin L. Subart, vice president for business development of WBI Holdings Inc., a natural gas concern, has been promoted to executive vice president and general manager of WBI Southern Inc., a subsidiary consisting of the firm's natural gas gathering system and some storage assets.

F. T. Webster has become executive vice president and managing director of Duke Capital Partners LLC, a business unit of Duke Energy Corp. and will be responsible for the company's Houston operation. He most recently was a partner and managing director of Arthur Andersen's energy corporate finance practice in North America.

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