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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

Los Angeles DWR Will Sell $389 Million in Bonds

LCG, August 21, 2002-The Los Angeles Department of Water Resources intends to hold a bond sale in order to raise $388.5 million.

The LADWR recently received a credit rating upgrade from credit rating services. Standard & Poor's Rating Service and Fitch's increased the rating from AA- to A+ , and Fitch reiterated its Aa3 rating.

The credit rating improvement comes in response to LADWP's diminishing debt and lowered long-term interest rates.
The variable rate bonds will be sold as early as Wednesday.

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