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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

Halliburton’s COO Named as El Paso Corporation’s New CEO

LCG, July 17, 2003Pipeline giant El Paso Corporation named Douglas Foshee as its new chief executive and president on Wednesday.

Foshee, at age 44, has been at Halliburton since 2001. He began as chief financial officer and was later named COO. Prior to his position at Halliburton he ran oil and gas company Nuevo Energy Co., as well as serving in several positions at ARCO.

El Pasos current director and CEO, Ronald Kuehn, will stay employed as non-executive chairman.

El Paso has faced much scrutiny over the recent years, both legally and from dissident shareholders. The corporation has already started restructuring, emphasizing its natural gas pipeline assets and foregoing several other avenues of investment.

Foshee has successfully lead restructuring efforts in the past and will be responsible for restoring shareholder confidence when he takes up the job in September at a salary of $900,000 per year.

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