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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

Nevada Puts Electric Dereg on Hold

LCG, April 19, 2001Nevada Gov. Kenny Guinn yesterday signed into law legislation that puts electric deregulation on hold, halts the sale of power plants by state utilities and sets a new rate structure protecting the electric companies from soaring wholesale power prices.

The state Senate and Assembly had passed the measure earlier yesterday and sent it to the governor. The bill, which was framed with an anxious eye on California to the west, is an emergency act, meaning it takes effect immediately.

"I can tell you, this is a great relief," said Guinn, himself a former utility executive. "Nothing can stop escalating costs, but we're in the best position to protect ourselves."

Walt Higgins, chief executive of Sierra pacific Resources Corp., parent company for Nevada's two electric utilities, said "This was a bold move by the legislature and the governor to focus on the real problem that threatened every consumer and business in Nevada."

The problem also threatened Higgins' company, and he too can breathe a sigh of relief. Under the provisions of the legislation, rates would be continued at their current levels, reflecting all recent increases to date, and remain stable until early next year, at which time they would be adjusted to reflect the actual costs of wholesale power and fuel over that period. If wholesale costs remain high, the legislation allows for the rates to be spread out over several years.

Lawmakers added last-minute language to the bill to make sure retail customers get a break if it turns out that Sierra Pacific's operating utilities make too much money selling wholesale power.

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