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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

Pepco May Buy Conectiv, Paper Says

LCG, Feb. 8, 2001Potomac Electric Power Co. is in negotiations to acquire Conectiv Inc. for around $2 billion in cash and stock, the Wall Street Journal reported this morning, speculating that a deal could be announced "within days."

According to the paper, several issues remain to be resolved and the talks could fall apart. In addition, a rival buyer could emerge at the last minute.

With those caveats, the Wall Street said Pepco is offering a half cash, half stock deal that would value Conectiv at close to $25 per share, a premium of $6 over its closing price yesterday and about $4 over its 52-week high. Pepco is also expected to assume nearly $3 billion in Conectiv debt.

Conectiv, which was created from the merger of Delmarva Power & Light Co. and Atlantic Energy Inc., serves about a million customers in Delaware, Maryland, New Jersey and Virginia, all states that have deregulated their electric industries. The company is considered small to play in a competitive market. Without any bad news, the value of its stock has dropped by about an eighth in the past two years.

Pepco has been trying to break out of its Washington, D.C., market, and in 1997 came close to merging with Baltimore Gas & Electric Co. before regulators attached onerous conditions.

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