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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

El Paso Requests Extra Month to File CA Settlement

LCG, May 5, 2003--El Paso Corp., which reached a tenative settlement with California that would result in eventual payments by the gas pipeline company of $1.7 billion, has asked the Federal Energy Regulatory Commission to allow it one more month in which to assemble the details of the settlement.

The commission did not issue a planned ruling in March in a case alleging manipulation by El Paso of the natural gas market following the announcement of the settlement. If the FERC grants the extension, it would allow the company to avoid a ruling by the commission, in which it could be found to have withheld capacity that elevated prices in the gas and electric power markets in 2000-2001.

El Paso was joined in the extension request by parties to the settlement, including private class-action litigants, Gov. Davis, the California Public Utilities Commission, the California Department of Water Resources, as well as the two major investor-owned utilities, Pacific Gas & Electric and Southern California Edison.

In the announcement of a likely settlement in March, El Paso did not admit wrongdoing. The settlement is to include payments of $22 million per year for 20 years, and $45 million worth of natural gas for the same period, as well immediate payments of cash and El Paso common stock. The extension being sought, until June 4, is needed due to "the substantial number of cases being settled, the large number of parties involved... as well as the scope, magnitude and nature of the issues and claims being settled."
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