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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

AEP Unit Planning to Sell Generation Assets

LCG, December 17, 2002-American Electric Power (AEP) unit Central Power and Light (CPL) has filed to sell all of its energy generation assets in order to retain stranded costs.

The company has filed with the Texas Public Utilities Commission, stating its plans to sell off all of $1.9 billion in electricity generating assets in preparation for stranded cost recovery. The company says that the sale will help in determining exactly how much its assets are overvalued in its books as compared to market price. CPL intends to seek stranded cost recovery in 2004.

CPL's assets include 4,241 megawatts of capacity, and shares of AEP have already risen a small amount due to the announcement.

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