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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

California PUC Critical of Power Buying Agency Request

LCG, Dec. 19, 2002--The president of the California Public Utilities Commission (CPUC), Loretta Lynch, said this week that a request by the California Department of Water Resources (CDWR) for funds from the state's major utilities could include one billion dollars of "wholly unnecessary" charges.

The CPUC, which has no authority to adjust the requested $4.5 billion based on its assessment, found that PG&E should pay the CDWR nearly $2 billion, Southern California Edison around $1.9 billion, and San Diego Gas & Electric slightly above $640 million in 2003. The transfers are to repay the state for long-term purchase agreements made on behalf of the utilities when power sellers considered the utilities to lack creditworthiness.

Lynch said she hoped the size of the request would be trimmed, based on the planned end to the state's power purchases at the start of next year, which will put the utilities back in the business of purchasing it themselves. In response, Oscar Hidalgo, a spokesman for the CDWR, noted that uncertainty lingers about whether the transition will happen smoothly, and that the request allows for reserves. "There's nothing we'd like to do more than to lower our revenue requirement if the opportunity presents itself. We're not a profit-maker. We're trying to exit this business," Hidalgo said.

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