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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

Progress Energy Subsidiaries to Take Its Name

LCG, Oct. 2, 2002--Two major Southeastern utilities that are part of Progress Energy, Florida Power and Carolina Power & Light (CP&L), will no longer use their currently recognized names starting next year.

Progress Energy originated when Carolina Power & Light acquired Florida Progress, the parent of Florida Power. Since the merger, each utility has retained its existing name. "Using one name will avoid the additional expense and complexity of supporting multiple brands and maximze the imapct and effectiveness of our communications efforts. We also believe a single brand name will help unify our employees and culture and reinforce the message that we are one company," stated William Cavanaugh, chairman and CEO of Progress Energy.

Customers of each subsidiary will still see the name of their respective utility on bills until March 2003, while the Progress Energy name begins to appear in place of the other names on equipment and in public venues. Other subsidiaries belonging to Progress Energy in non-regulated markets include Progress Ventures and Progress Fuels. While the former is involved in merchant energy generation, marketing and trading, the latter is in the business of fuel extraction.
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