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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 Bond Sale Going Before PUC

LCG, Feb. 21, 2002--The California Public Utilities Commission will vote today on a bond measure worth $10.85 billion, to repay the state for power purchases made in the past year.

Last year, the bond sale was set by Gov. Davis at $13.4 billion, and then $12.5 billion, and in October was rejected by the PUC on the grounds that the price paid for power through long-term contracts had not been justified. In October, Gov. Davis' administration said that estimates of power costs paid by the state were 20% lower than what had been foreseen two months earlier.

California faces a projected budget deficit of $14 billion, with an additional $6.1 billion shortfall possible due to past power purchases made using the state's general fund. If the bonds are sold by June 30, the close of the states fiscal year, the purchases will not be added to the deficit.

In additional to the $6.1 billion, California also obtained a $4.1 billion loan for power purchases, which will incur $413 million in interest charges by the end of June. Criticism of the terms of the bond measure have focused on the fact that the PUC will not have the authority to approve the Department of Water Resources' power-related costs as stated by that agency.

Loretta Lynch, PUC's president, said "the law says the PUC shall cover DWR's cost, whatever they are. The reasonableness of their costs resides with them, not us."
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