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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

Mirant's Debt Rating Lowered to Junk

LCG, October 22, 2002-In line with the state of numerous energy companies lately, Mirant Corporation saw its debt rating lowered to junk status late yesterday by Standard & Poor's Ratings Services.

Mirant, which has outstanding debt of $10.7 billion, went from a unsecured debt rating of BB to BBB-minus.

On October 10, Moody's Investors Service downgraded the company's debt to near junk, at which point Mirant spokespeople made a point of the company's devotion to "strengthen liquidity and reduce trading and marketing activity," as was stated by company chief financial officer Ray Hill.

Mirant owns or controls 17,000 megawatts worth of electric capacity in the United States.

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