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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

Reliant Will Restructure, Change Name

LCG, July 8, 2002--The trading unit of Reliant Energy Inc., Reliant Resources, will become a separate entity, while the parent company will become CenterPoint Energy.

"The companies have different markets, different strategies and different aspirations," said Steve Letbetter, the chairman and chief executive of Reliant Energy. The move represents an attempt to allow the separate businesses better access to capital. Discussions have been ongoing over banks' extending existing credit lines.

The trading unit, Reliant Resources, last week restated $7.8 billion in revenue for the years 1999 through 2001, to offset the inflating effect of round-trip trades, reciprocal trades with other companies in which little or no profits are realized.
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