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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

PPL Cancels Six Power Projects

LCG, Jan. 7, 2002--Utility holding company PPL Corp said on Friday that it will cancel six new power plants in Pennsylvania and Washington state, representing in the aggregate $1.3 billion worth of projects.

On Friday, EnergyOnline Daily News reported that Mirant Corp., Dynegy Inc., El Paso Corp. and possibly Calpine Corp. were also making significant cutbacks in previously announced projects.

PPL, like the others, cited falling wholesale power prices as the main reason for the cancellations. The companies also said they want to put some meat on their balance sheets in the wake of the collapse of energy trader Enron Corp.

PPL chief executive William Hecht said current market prices and regulatory conditions did not justify PPL's pursuit of the six projects that were in the early stages of development. He pointed to actions by power pools, independent system operators and the Federal Energy Regulatory Commission as having dampened power prices as well as adding uncertainty to the future.

PPL said it would remain on course in the development of $1.5 billion in other power plant projects over the next two years.

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