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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

NRG Files Chapter 11

LCG, May 15, 2003-Yesterday, Xcel Energy Inc. unit NRG Energy Inc. filed for Chapter 11 bankruptcy protection.

NRG filed in U.S. Bankruptcy Court in the Southern District of New York; the company plans to continue regular operations while undergoing restructuring.

NRG has $9.23 billion in debt. Its reorganization plan involves a $752 million debt restructuring settlement with creditors, and it expects to emerge from bankruptcy by year's end. The company will no longer be included in Xcel's financial statements.

Leonard LoBiondo of Kroll Zolfo Cooper LLC will assume responsibility as chief restructuring officer, and John Boken, also from Kroll Zolfo Cooper, will be interim president and chief operating officer.

On Wednesday, shares of Xcel increased by 20 cents or 1.4 percent on the New York Stock Exchange.

Xcel Energy is based in Minneapolis and controls utilities in Colorado, North and South Dakota, Minnesota, Wisconsin, Michigan, and some of the Southwest.

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