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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

Northern California Natural Gas Prices to Drop

LCG, Dec. 28, 2001--Pacific Gas & Electric Co. predicted yesterday that natural gas prices in Northern California will be 72 percent lower next month than they were last January, dropping from $1.41 per therm a year ago to $0.39 per therm next month.

For the average residential customer of PG&E, the plunge in gas prices will mean a drop to $48.38 on the monthly gas bill, from $121.92 in January of this year.

"For the first time in many months, prices are beginning to stabilize and are more reflective of natural gas costs during the past five years," the company said in its news release.

Because almost all of the electricity generated in California is from natural gas-fueled power plants -- either older gas-fired boiler operations or newer gas turbines -- the price of power is also expected to decrease.

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