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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

New Jersey BPU Approves Settlement with PSE&G for Solar Investments

LCG, May 31, 2013--The New Jersey Board of Public Utilities (BPU) voted Wednesday to approve a modified settlement agreement with Public Service Electric & Gas (PSE&G) to invest up to $446 million in solar projects over three years.

Under the agreement, PSE&G may spend $247 million on 42 MW of solar generating capacity located on brownfield sites (including landfills), plus 3 MW of smaller projects. In addition, PSE&G would invest up to $199 million on 97.5 MW of new solar generation via a loan system.

The modifications to the settlement include oversight provisions that require PSE&G to: provide the BPU with monthly financial and progress reports; submit within 30 days its criteria for selecting projects and developers; and provide the BPU and ratepayer advocate ten days to review contracts prior to execution.

The New Jersey Division of Rate Counsel had opposed the agreement based upon its belief that there were inadequate safeguards to limit utility spending and that the ten percent return PSE&G would receive was too high.

The investments to develop solar power are also valued as a means to improve reliability in the wake of Hurricane Sandy.
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