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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

Enron Looks for End to Dabhol Troubles

LCG, July 10, 2001The governments of many nations and some of the biggest banks in the world want to see an end to the dispute over Enron Corp.'s $2.9 billion Dabhol power project in the Indian state of Maharashtra, Enron chairman Kenneth Lay told reporters today.

"I think it's in everybody's best interest -- the government of India, the government of the U.S., the investors, the government of Japan -- we have many government financial entities involved in this project," Lay said.

Yesterday, Lay met separately with Indian Finance Minister Yashwant Sinha and Power Minister Suresh Prabhu. Today, he was to meet with the chief minister of Maharashtra.

He said yesterday's meeting with Sinha did not yield a solution to the brouhaha, a contentious battle with Maharashtra and its state-run utility over payments for power. "Obviously we didn't come to any conclusion today. We didn't expect to come to any conclusion today. It will take some more work," Lay said, adding "certainly we're very hopeful."

Dabhol's total debt is around $2 billion, with Indian lenders holding about $1.4 billion of the paper. Lay said some of the biggest banks in the U.S., Europe, Canada and Japan have portions of the remaining $600 million.

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