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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

Ontario Competition Could Be Slowed by Credit Fears

LCG, Feb. 27, 2002--Although a competitive power market is due to begin in Ontario on May 1, acquisitions of Ontario Power Generation's power-producing assets have been slow enough that the spin-off of utility Ontario Hydro still owns 80 percent of the province's generating assets.

Ontario Power's management attributes the slow pace of divestiture to banks' Enron-inspired fear of utility credit problems. Ron Robinson, vice-president of portfolio management at OPG said, "they don't have the money to come in and invest. Not only are they withdrawing their interest, they're going home to take care of their balance sheets."

The provincial transition plan for full competition requires that within ten years, no more than 35 percent of Ontario electric output should come from OPG. The single major competition-related development in the province to date has involved Bruce Power, a partnership of British Energy Plc and Cameco Corp., a Canadian uranium supplier. Bruce Power's nuclear assets, which it is leasing from OPG until 2018, produce 17 percent of the province's electric power needs.

Some heavy industrial users have voiced concern that unless divestiture accelerates, power prices could increase. Lauri Gregg, of Falconbridge Ltd., the third-largest nickel producer in the world, said, "the faster we get competition the faster we get efficiency in the market." Gregg mentioned that Falconbridge had urged a five-year timetable instead.
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