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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

Brazilian State-Owned Plants Will Auction Electricity

LCG, Jan. 31, 2002--Trading in five state-owned power companies was suspended for an hour yesterday as the government announced that state-owned plants would sell power through public auctions.

The changes were announced by Minister Pedro Parente, who is in charge of the electricity crisis task force, and need to be approved by Congress in March in order to take effect.

Currently, Electrobras, Cesp, Copel, Cemig and EMAE produce 90 percent of Brazil's electric power, and do so at low, regulated rates. Private investment in new, gas-fired generation capacity has been slow due to rationing of electricity, and the government's indication earlier this month that public power would play a more significant role in providing electricity.

That policy was brought about by a drought that has severely decreased the output at hydropower plants. When trading resumed after the announcements yesterday, share prices in the state-owned and private power companies rose. Electricity rates paid by consumers are expected to rise, and would be funded in part by increased dividends from public power companies.
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