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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

Idaho Power to Boost Electric Rates 23 Percent

LCG, May 2, 2001--The Idaho Public Utilities Commission yesterday granted the largest electricity rate hike in the history of Idaho Power Co. and there may be another increase in rates this summer. The new rates will take effect immediately.

In a unanimous ruling, the PUC gave Idaho Power permission to collect $168.3 million of the $227.4 million the company had asked for in its annual power cost adjustment filing, essentially boosting overall rates by about 25 percent.

Idaho Power chief executive Jan Packwood acknowledged "This is one whopping rate increase," but noted that the bulk of the increase about three-quarters of it was to cover the high costs of wholesale power which have soared as a result of the deregulation fiasco in California.

"We understand this will create hardships for some people," Packwood said. "It certainly will have ramifications for the Idaho economy as well."

The PUC will hold hearing again this summer to see if another rate hike is justified, and it could be, given the expected high cost of wholesale power likely to result when California tries to avoid rolling blackouts by having state agencies purchase power in the spot market.

"I hope everyone recognizes by now that we are in the midst of an unprecedented energy crisis, and during such times it is essential that rates for customers not be set artificially low," Packwood said. "We anticipate that prices will remain high throughout this year and into next. It is in no one's interest ifwholesale prices are sky-high and not reflected in the actual prices that customers pay."

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