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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

Energy East to Buy RGS Energy for $1.4 Billion

LCG, Feb. 20, 2001Energy East Corp. said this morning it had agreed to acquire RGS Energy Group Inc. for $1.4 billion in cash and stock, in a move that could help Energy East live up to its billing as a "super-regional" energy company.

The acquisition would create a company with $5 billion in annual revenues and close to $10 billion in assets. The combination of Energy East's New York State Electric & Gas Co. and RGS' Rochester Gas & Electric Co. would give it nearly 3 million customers.

Directors of both companies have approved the transaction, which Energy East will record as a purchase. Regulatory approvals are expected to take about a year.

The two operating utilities' service territories have about 200 miles of contiguous border which is expected to produce about $50 million in annual savings. The new company would have operations in upstate New York, Connecticut, Maine, Vermont and Massachusetts.

Under the deal, RGS Energy shareholders would receive the equivalent of $39.50 for each share of RGS stock they own, a 19 percent premium over Friday's closing price on the New York Stock Exchange. RGS shareholders could select how they want the deal handled so long as the overall ratio of cash to stock is 55 to 45.

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