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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

Mirant Writes Off Chile's Edelnor, Seeks Buyer

LCG, Oct. 22, 2001--Mirant Corp. of the United States said on Friday it would write off its entire investment in Chilean power company Empresa Electrica del Norte Grande S.A. (Edelnor), and would seek a buyer for the money-losing company.

The announcement came following decisions by Electroandina, a Chilean utility, and AES Corp. of the U.S. to cancel their bids to acquire control of Edelnor by buying the Chilean company's debt for about a two-thirds discount.

Mirant has said for some time that it would not invest any new money in Edelnor and confirmed Friday that liquidity was a major problem for its Chilean unit.

Mirant also said it could give no assurance that Edelnor would be able to make interest payments due on December 15.

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