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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

California Treasurer Still Pushing $12.5 Billion Deal

LCG, Jan. 7, 2002--California Treasurer Phil Angelides is pushing hard for the state to issue the $12.5 billion in power revenue bonds that would pay back the general fund for more than $7 billion in spot market purchase of electricity and fund the $43 billion in long term contracts.

Angelides said it was essential for the bonds to be sold if California wants any chance of making it through the economic challenges it faces, according to a report Saturday by Thomson Financial Media.

"The only thing standing between us and the marketplace is us," he said yesterday, speaking at a bond buyer conference. "The deal has to get done."

At first, the bond issue was delayed by the state legislature. When Republicans refused to go along with the indebtedness -- the largest municipal bond issue ever -- during a special session called by Gov. Gray Davis, there was no chance that the sale could take place last spring.

Davis had "guaranteed" that the general fund would be repaid by June 30.

A new deadline of October 31 was set for the bond sale, but by then the California Public Utilities Commission, which must sign off on some elements of how the debt is to be repaid and serviced, looked with disfavor upon the issue. The CPUC has taken no action and appears unwilling to do so.

Angelides remains optimistic. "My hope is that in the next few weeks the PUC will look at the reality of where we stand fiscally in the state and the reality that the governor plans to veto Senate Bill 18XX."

Senate Bill 18XX is an alternative bond structure that Angelides and the state attorney general have said could lead to extensive litigation that would further delay the sale or make it impossible to sell bonds.

"The state can't get a bond counsel to say that bonds sold under SB 18XX would be free from litigation risk," Angelides said Friday. "We have not yet found a firm willing to give a clean opinion."

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