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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

Canadian Oil and Gas Firms to Merge

LCG, Jan. 28, 2002--A merger deal has been struck by PanCanadian Energy and Alberta Energy, and the resulting entity, EnCana Corp., will rank among the world's largest independent oil and gas exploration and production companies.

The agreement is worth over C$21.4 billion ($13.3 billion), transacted completely through a stock swap. Alberta Energy investors will receive 1.472 shares of PanCanadian Energy for each share they own. Cost savings relating to exploration and production costs are estimated at C$250 million ($155 million).

EnCana Corp.'s president and CEO will be Gwyn Morgan, who now holds those positions at Alberta Energy, while the company's chairman will be PanCanadian's chairman David O'Brien. O'Brien said in a statement, "we have decided to come together as equals from positions of strength so that we can achieve a stronger future in this highly competitive marketplace."

Based upon proved reserves of natural gas and oil and gas liquids, the overall production target of EnCana will be 2.7 billion cubic feet of natural gas and 255,000 barrels of oil per day.

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