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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

PG&E Suspends Dividend, Says it's Almost Out of Cash

LCG, Jan. 11, 2001PG&E Corp. said yesterday it will not pay on Monday the 30-cent dividend declared by its board of directors in October. Its utility subsidiary Pacific Gas & Electric Co. not only will not pay its regular preferred stock dividend, it won't pay the parent company its $110 million dividend.

Nobody gets paid except the power producers and natural gas suppliers, and PG&E said it won't have enough cash to pay them in a few days.

In a filing with the Securities and Exchange Commission yesterday, PG&E Corp. said it cannot borrow more money to buy power or natural gas and called upon California Gov. Gray Davis to "use his emergency powers to permit the state to provide temporary financial assistance to meet the demands of gas suppliers."

PG&E said it may be forced to cut off electricity and natural gas deliveries to some of its 12 million customers unless it receives "immediate regulatory, legislative or judicial relief." Without that relief, the company said, it will default on its current obligations.

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