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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

More Sarbanes-Oxley Rules Up for Discussion

LCG, January 2, 2003-The SEC intends to discuss additional rules under the already-passed Sarbanes-Oxley legislation, aimed at limiting the liability of companies not in compliance.

The Sarbanes-Oxley law, which was enacted on July 30, 2002, requires companies to have an independent audit committee and procedures for dealing with complaints over accounting.

The Securities and Exchange Commission will consider additional rules within Sarbanes-Oxley at a January 8 meeting. The Commission will discuss setting up guidelines regarding the listing of companies who fail to comply with the Sarbanes-Oxley law. The SEC may decide to prohibit the public listing of such companies.

The SEC is required to have such rules regarding public companies within 270 days of the law's adoption.

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