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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

Dominion Completes Acquisition of Louis Dreyfus Gas

LCG, Nov. 2, 2001--Dominion Resources Inc. said yesterday it has completed the $2.3 billion acquisition of Louis Dreyfus Natural Gas Corp., and will fold the company into its Consolidated Natural Gas subsidiary.

Dominion said the acquisition more than doubles its proven reserves to more than 4.6 trillion cubic feet equivalent. That increase will permit a 40 percent expansion of production to more than 450 million cubic feet of natural gas per year.

All in all, Dominion expects the acquisition to help double its gas sales and trading volumes over the next three years.

The purchase was paid for with $890 million in cash and $900 million in stock from a new issue of 14 million shares. Consolidate also assumed $505 million of Louis Dreyfus debt.

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