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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

Moody's Cuts Debt Ratings of TXU

LCG, October 15, 2002-Moody's Investor's Service cut the debt rating of TXU Europe.

TXU Corporation announced that it will not give TXU Europe the $700 million lifeline expected, and Moody's downgraded the European company's rating. Yesterday TXU Corporation financially "unlinked" itself from its subsidiary in order to protect its own credit.

The subsidiary neglected to pay $31 million yesterday on one of its power supply agreements for the 4,000-megawatt Drax Power Station, and European officials are worried about securing power supply.

TXU Corp. has announced that TXU Europe will sell off assets, estimated at $5.7 billion, and limit its quarterly dividend by 80 percent, bringing it down to $0.125 per share.

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