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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

CA Electricity Contracts May See Formal Hearing

LCG, August 28, 2002-Officials responsible for electricity purchases on behalf of Californian consumers and many of the companies selling wholesale power have not yet reached an agreement over contracts signed last year.

Eight companies, including El Paso Corp., Dynegy Inc., and Sempra Energy, started new talks with the Federal Energy Regulatory Commission today in order to reach settlements over contracts originally signed during the California power crisis.

California claims that the power contracts in question are unreasonably expensive because they were written during a time when wholesale electricity prices were unusually high and the state was desperate to buy power. Californian officials have also made demands that refunds be given for what it calls unfairly high prices paid for electricity in 2000 and 2001.

If no further progress is made on the contracts by tomorrow, FERC Chief Judge Curtis Wagner will begin a formal hearing on Friday.

However, GWF Energy LLC managed to settle claims with California this week, resulting in $215 million in savings for California on a 10 year contract. The company is also constructing a 164 MW plant in Tracy.

Earlier this year Calpine Corp. and Constellation Energy Group came to agreements with California, decreasing contracts by $3.5 billion, or 23 percent.

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