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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

Allegheny Asks Permission for Special Borrowing

LCG, July 22, 2003--With its debt already relatively high compared to equity, Allegheny Energy Inc. is seeking to issue new notes that would be backed by regulated utility units, a move that may meet with resistance from the Securities and Exchange Commission.

The $2 billion worth of borrowing by the holding company would be used to sustain the unregulated arm of the company. The requirement regarding capital structure for a company owning utilities under the 1935 Public Utility Holding Company Act is to have at least 28% equity in order to issue securities, whereas in Allegheny's case it stands at 20%. The consequences if the request is not granted could be to undermine the utilities Potomac Edison Co. and West Penn Power, according to the public utilities commissions of Maryland and Pennsylvania. Those commissions have expressed their support of the SEC granting the request.

The Wall Street Journal quoted analyst Craig Shere, with Standard & Poor's, as saying that regulators have taken part in a "backlash" against increasing debt on the part of utilities due to fallout from deregulation. Allegheny owns utilities in Maryland, West Virginia, Virginia and Pennsylvania, and may sell more assets such as trading contracts according to its cash flow situation.
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