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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

First Energy Gets Final Okay for GPU Takeover

LCG, Oct. 30,2001--First Energy Corp. of Ohio said yesterday it had received approval from the Securities and Exchange Commission for its pending takeover of New Jersey-based GPU Inc., a merger that will create the nation's fourth largest investor-owned electric utility.

First Energy said it will begin combined operations of both companies on November 7.

Chief executive H. Peter Burg said the company "will be even better positioned to provide customers with reliable and affordable electricity and a variety of energy-related services."

The company also announced details for exchange of stock by GPU shareholders who will get cash, or a combination of cash and stock, or stock for their shares, depending on what they elect and on a complicated formula related to the closing price of First Energy common stock over a 20-day period.

GPU shareholders were reminded that they had only until 5 p.m., Eastern Standard Time, to make their election.

The combined companies will have annual revenues of more than $12 billion and electricity sales of about 124 billion kilowatt-hours to some 4.3 million customers in a service territory stretching from the Ohio-Indiana border to the New Jersey shore.

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