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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 Power Purchase Bonds Closer to Reality

LCG, Feb. 1, 2002-The California Public Utility Commission appears ready to issue a plan for the state to issue $12.5 billion of revenue bonds to repay California for purchases of electricity made on behalf of investor-owned utilities.

A vote on by the full PUC on the proposal is expected by Feb. 21. The major issue surrounding such bonds concerns how much of the revenue from ratepayers' electricity purchases would go to the Department of Water Resources, which made purchases of power beginning last year, and how much would be used to repay bondholders. Despite some opposition from consumer groups to the prices at which power has been purchased, a draft "rate agreement" was welcomed by Gov. Davis, who called it "a significant step in the right direction to get energy bonds sold."

State Treasurer Phil Angelides' office had no comment yesterday, but said in a statement that passage of a bond measure would involve numerous hurdles. Angelides had been disappointed in October of last year when Loretta Lynch, head of the PUC, would not approve a rate agreement in October because she considered the long-term contracts with suppliers to be too expensive.

The revised plan calls for "best efforts" by the DWR to gain better terms for the long-term purchases. Nettie Hoge, of the Utility Reform Network, said the plan "takes all these overcharges and gives them phony names. Nobody is going to be able to understand anything about what the bill means."

PUC commissioner Richard Bilas noted that although the new plan is a step away from the PUC's earlier position, "we're getting precariously close to the point where if we don't issue bonds pretty soon the state's going to be in very serious trouble."
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