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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

Calpine to Acquire 1,050-MW Power Plant in Texas

LCG, December 3, 2013--Calpine Corporation announced yesterday that it agreed to purchase a 1,050-MW, combined-cycle power plant for $625 million, exclusive of adjustments relating to development rights and working capital, from MinnTex Power Holdings, LLC, a portfolio company owned by a private investment fund managed by Wayzata Investment Partners LLC. The natural gas-fired electric generating facility is located approximately 30 miles northeast of San Antonio, Texas.

The Guadalupe facility is located on a 110-acre site and includes two 525-MW generation blocks. Each block includes two GE 7FA combustion turbines, two heat recovery steam generators (HRSGs), and one GE steam turbine. The acquisition includes rights to an advanced development opportunity for an approximately 400 MW quick-start, natural gas-fired peaking facilities.

Calpine's Chief Executive Officer stated, "Guadalupe is an exceptional plant with an outstanding performance record that meets Calpine's high standards for operational excellence. We strongly believe in the potential of the Texas market as electric demand increases and reserve margins tighten. Acquiring this modern, flexible and efficient plant in ERCOT's south zone at a discount to replacement cost furthers our strategic objectives in this key market. The Guadalupe acquisition exemplifies our commitment to making disciplined capital allocation decisions that will enhance shareholder value."

Calpine is targeting a transaction close in the first quarter of 2014.

The facility was a 50-50 joint venture between Panda Energy International and PSEG Americas, and the EPC was Duke/Fluor Daniel. The project commenced operations in 2001. MinnTex Power Holdings acquired the facility on March 4, 2011 for approximately $351 million.
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