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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

LADWP Trader Conversations Subject of Investigation

LCG, June 28, 2002--The Los Angeles Department of Water and Power may have been involved in transactions similar to a type described in Enron memos as "ricochet," which type would involve power being sold outside California, then bought back per an agreement with the original buyer.

Hearings held by a California senate committee yesterday focused on transcripts of conversations between traders with the LADWP; the California Independent System Operator; the energy marketer Constellation; and the PG&E National Energy Group. Larry Drivon, an attorney with Sen. Joe Dunn's investigative committee, was quoted in the Sacramento Bee as asserting, "The net effect of this transaction was to take megawatts sold in Southern California at $50 to $75 a megawatt-hour and ... turn those into megawatts which were returned to California at what we believe was $250 a megawatt-hour."

The hearing covered one point in a conversation in November, 2000, which a trader for the LADWP apparently reacted negatively to another trader's having given more information to the ISO about a transaction than the LADWP trader thought necessary. The transaction was one in which the same power was bought and sold several times, with the final price five times the original sale price.

An e-mail written by a trader with PG&E cautioned the recipient to "beware of ricochets" involving the LADWP.

LADWP's manager of wholesale trading, Mark Ward, said at the hearing that within LADWP, "ricochet" was different from Enron's definition, because power stayed within California. The Senate has held off on confirming David S. Freeman, the then-head of the LADWP, as the chairman of the state Public Power Authority pending further inquiry.
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