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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

PSEG Global Bid Wins Peru's Electroandes

LCG, July 24, 2001Public Service Enterprise Group Inc. subsidiary PSEG Global said yesterday its offer of $227.1 million was the winning bid in an auction of Peru's sixth-largest electricity generator, Empresa de Electricidad de los Andes S.A.

PSEG will also invest $17.5 million in the company over the next five years, a condition of the bidding.

Electroandes' owns four hydroelectric installations with 183 megawatts of capacity, about 6 percent of Peru's total, and 460 miles of transmission lines located in the Central Andean region, northeast of the capital city of Lima.

"This purchase diversifies our portfolio into hydroelectric generation and is consistent with ourcorporate strategy of building sustainable businesses in carefully selected markets that provide strongearnings growth and create synergies with existing investments," Robert L. Logan, president of PSEG Americas, the company's Latin America subsidiary, said in a statement.

Up to 40 percent of Electroandes has been reserved for employees and the firm's largest customer, who would pay the same price as PSEG Global and have 10 days to exercise their options. Employees can purchase up to 10 percent of Electroandes and the customer, U.S.-owned Doe Run Peru, a copper mining company, can buy 30 percent.

The acquisition of a controlling interest in Electroandes, together with PSEG Global's 44 percent stake in electricity distributor Luz del Sur, makes the U.S. company the largest foreign investor in Peru, PSEG said.

Logan said "PSEG Global has confidence in the Peruvian system, and we look forward to working with local officials, Electroandes' employees and our customers to build a strong partnership for the future."

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