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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

Canadian Merger Would Form Largest North American Independent Oil and Gas Producer

LCG, Apr. 4, 2002--The merger of Alberta Energy Co. and PanCanadian Energy Corp. appears likely as shareholders of both companies vote their interests today.

The deal, which would create EnCana Corp., has been under discussion since October, when oil and gas prices were sigificantly lower. The director of oil and gas research at Scotia Capital Inc., David Stenason, said, "I think the cash flow is going to be unbelievable for this company and it's [higher commodity prices] giving EnCana a great start."

The approval by a majority of shareholders is thought to be more than likely. According to the details of the proposal, PanCandian would offer 1.4772 shares per AEC share. Gwyn Morgan, who organized the deal and is CEO of AEC, said the new entity would not only be the largest independent natural gas producer in North American but would also have the highest "internal growth."
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