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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

Market Manipulation Procedures Extended in New York ISO

LCG, May 2, 2002--The Federal Energy Regulatory Commission is keeping in place procedures in the New York Independent System Operator territory that are intended to prevent market abuse through the end of May.

The programs were to have ended at the end of April, but were extended in order to provide a smooth transition to a possible new set of market rules. The federal agency is currently reviewing the ISO's own wholesale market mitigation plan, submitted approximately one month ago.

Representatives of generation owners, such as the Independent Power Producers of New York, have expressed dissatisfaction with the rules, which include automatic lowering of bids when they are found to deviate from historical patterns of market behavior.

The ISO's plan would provide for lenient treatment of new generators with respect to market abuse rules, at least initially. It is hoped that this would encourage investment in new generation. At the same time, its plan includes restrictions to deter market abuse thought to be more strict than the existing market regime.
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