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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

Xcel Energy Reacquires NRG Spin-Off

LCG, Feb. 19, 2002--Xcel Energy has announced it wants to buy all outstanding shares of NRG Energy, which owns unregulated generating assets in the U.S. and other assets abroad.

NRG separated from Xcel in 2000, but has become highly leveraged and experienced significant risk of having its debt downgraded. Shares would be bought back at $11.50, 35 percent below their original pricing at issuance.

According to NRG, Xcel's announcement did not follow any negotiations between the two companies. Although Xcel has sought to strengthen NRG's position with transfers of capital and forced it to sell off overseas investments, NRG's stock price has fallen 50 percent in the past six months.

In communications with analysts, Xcel, which now owns 26 percent of NRG, asserted that its sudden announcement of a buyback at a discount was necessary to prevent a debt downgrade for the struggling unit. NRG's debt is currently investment grade. Credit Lyonnais Securities analyst Gordon Howald commented, "NRG's highly leveraged balance sheet proved unfixable in the near term."
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