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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

NYMEX to Introduce PJM Futures contracts

LCG, Feb. 21, 2003--Incentives in the form of up to $200,000 in reimbursement of costs will be offered by the New York Mercantile Exchange (NYMEX) to induce floor brokers to trade Pennsylvania-New Jersey-Maryland (PJM) electricity futures contracts.

The futures are to be traded shortly, and will take the form of monthly, weekly, and daily contracts for PJM's western hub. As many as 100 two-year permits will be made available to brokers. As long as the brokers meet certain volume requirements, they can be reimbursed for salary and benefits of floor brokers, telephone and other such costs.

The president of the NYMEX, J. Robert Collins, stated, "This is yet another example of the Exchange's innovative approach to expanding its participant base and establishing liquidity in new markets. It provides an excellent opportunity to become involved in the early stages of a contract that we anticipate will be as successful as our other major energy markets."

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