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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

AES Reviewing Sale of Indianapolis Utility Stake

LCG, Feb. 20, 2002--Indianapolis city officials are monitoring developments after an announcement by AES Corp. that it would sell a stake in the holding company for Indianapolis Power & Light Co.

AES has owned IPALCO Enterprises for almost a year, and is considering the $600 million sale due to increased cash requirements. The company wants to raise $1.5 billion overall, but has reportedly told IPL that the sale will be limited to a 20 percent stake.

City officials' main concern is that AES retain ownership of IPL generating plants. If the plants were sold, the city might have to buy power from the market. Chief Deputy Mayor Michael O'Connor told The Indianapolis Star, "that would have a direct impact on consumer electric bills."

"We'll intervene at the federal level if this turns out to be more than a minority-stake sale," O'Connor said.

A spokeswoman for AES, Crystal Livers-Powers, said "AES is making this offering on the shares of IPALCO, not its assets." The company would either make an initial public offering or sell stock to a financial institution, the city said AES had indicated. AES is nearly certain to receive significantly less than its purchase price for IPALCO, due to the fall in energy company stock prices generally.
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