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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

Peoples Energy to Cut Payroll through Retirements

LCG, Aug. 2, 2001Midwestern natural gas company Peoples Energy Corp. said yesterday it would offer 170 non-union, non-officer employees early retirement as a means of reducing its payroll.

"This program continues our efforts to ensure profitability through increased efficiency and improvedservice," said Tom Patrick, president and chief operating officer. "It will enable us to accelerate the benefits of process improvements now underway."

The company said employees who accept the offerwill retire effective Dec. 1, 2001, though an employee may be required to postpone retirement under the program beyond December 1 in order to provide for a smooth transition.

"The program will result in a one-time charge to fiscal 2001 earnings," said Jim Luebbers, chieffinancial officer. "Assuming 50 percent of eligible employees participate, the program is estimated to yield annual labor savings of about $7 million." Benefit payments will be borne by the company's pension plan trust, which the company says will continue to be well funded.

Peoples serves about 1 million retail natural gas customers in Chicago and northeastern Illinois.

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