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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

Mass. Electric Requests Cut in Default Service Rates

LCG, Sept. 19, 2001--Massachusetts Electric Co. said yesterday it has filed a request with the Massachusetts Department of Telecommunications and Energy to cut its standard offer service rate to reflect the current lower cost of power it purchases on behalf of its customers on Default Service.

About a quarter of the utility's 1.2 million customers receive Default Service.

The reduction would be more than 2 cents per kilowatt-hour on the fixed price Default Service portion of residential customers' electric bills, effective November 1. If approved, the typical residential customer on fixed price Default Service using 500 kilowatt-hours of electricity per month will see a 15.2 percent, or $11.48, reduction in the overall monthly bill, the company said.

At present, the fixed price Default Service rate for residential customers is 9.213 cents per kilowatt-hour. A typical residential customer using 500 kilowatt-hours per month now pays about $75.60. The proposed fixed price Default Service rate for residential customers is 6.917 cents per kilowatt-hour. A typical residential customer's bill under the proposed reduced rate would be $64.12 per month.

"We are pleased that lower wholesale market prices allow us to reduce rates to our customers on Default Service beginning November 1. We are also hopeful that more market choices will be available for customers as we go forward and the power markets develop further," said Cheryl LaFleur, president and chief executive officer of the utility.

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