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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

Con Edison Asks Court to Cancel Northeast Merger

LCG, March 7, 2001Consolidated Edison Inc. beat Northeast Utilities to court yesterday, filing suit in U.S. District Court in New York, asking that actions by Northeast make that firm incapable of fulfilling terms of a planned merger between the two companies.

Con Edison's $3.8 billion takeover of Northeast, announced in October 1999, began to unravel when Connecticut regulators approved the deal with conditions Con Edison said were "onerous." Last Wednesday, Northeast asked Con Edison to reaffirm in writing its intent to consummate the transaction and set a Friday deadline for an answer, later extending the deadline to Monday.

Having not heard from Con Edison except through the press, Northeast said yesterday it would go to court to break up the planned marriage. Northeast had not yet filed suit last night, but said the Con Edison suit is without merit.

In its suit, Con Edison claims a deal between Northeast's unregulated subsidiary, Select Energy Inc., and Connecticut Light & Power Co., a regulated utility subsidiary of Northeast, for more than 2,000 megawatts of power violates a "precedent" of the merger agreement.

Northeast told Con Edison last September that it might not have enough electricity to fulfill the obligation, but now that power prices have risen significantly, it makes a bigger difference. "The current adverse exposure is material," Con Edison's lawsuit says.

Con Edison said in its suit that there have been other "adverse" changes at Northeast since the merger was agreed to and, taken together, they represent a breach of the merger agreement.

Michael G. Morris, Northeast's chief executive, has said throughout that his company is more valuable today than when the merger was announced.

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