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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 Audit Says Utility Wasn't Paying Attention

A state-ordered audit of Pacific Gas & Electric Co. released yesterday evening confirmed that the utility had rolled up losses of $5.2 billion selling high-priced electricity at frozen low retail rates, but said the company failed to heed months of warning that trouble was coming.

The independent audit, ordered by the California Public Utilities Commission, said the company failed to take steps that could have husbanded its cash against impending insolvency. The report noted, for example, that PG&E paid $632 million in dividends last year, even as its cash reserves were wasting away.

The company could have taken other steps, in addition to cutting or eliminating its dividend, the audit said. "Deferment of reduction of employee or management compensation represents one of the most immediate ways to achieve savings," the report said.

The auditors concluded that PG&E did not realize, until is was facing insolvency, that power producers would quit selling electricity on credit.

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