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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

Avista Asks 10 Percent Electric Rate Hike

LCG, Dec. 4, 2001--Avista Corp. said yesterday it has asked Washington state regulators to approve a 10 percent increase in its electric rates which would go into effect next March 15.

Even with the increase, Avista's residential rates would be 5.872 cents per kilowatt-hour, which the utility claims are among the lowest in the region and well below the national average of 6.8 cents.

Avista said the 10 percent hike would be a uniform increase for all customer classes and would be for the generation portion of the monthly electric bill only.

Scott Morris, president of Avista utilities, said his company "must improve its current financial situation. We have worked diligently to demonstrate to regulators the prudence of our wholesale power costs and have made dramatic reductions in costs in order to shore up the financial stability of the company. It is only after exhaustive efforts that we request further rate relief."

Avista first found itself in uncertain financial waters in the spring of last year. On May 4, 2000, the company sold its 175 megawatt interest in the Centralia, Wash., coal-fired power plant without making arrangements for replacement power. At the same time, the California energy crisis was at its worst and sent wholesale power prices soaring throughout the West.

Avista has been caught in the middle ever since. In October of this year, the company's credit ratings were slashed to below investment grade. The company has since reduced both capital expenditures and operating expenses in an effort to improve cash flows.

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