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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

Demise of Ontario Power Price Caps Possible

LCG, Oct. 30, 2003--Power price caps put in place by the outgoing Conservative government in the Canadian province of Ontario are responsible for a C$2 million ($1.5 million) daily outflow from the provincial government, according to the new Liberal Party premier Dalton McGuinty, who asked his energy minister to develop a retail pricing system "that better reflects the true cost of electricity" within thirty days.

The fiscal situation of the province is by McGuinty's admission a primary reason that the price caps require close scrutiny. The new government projects that a deficit of C$5.6 billion ($4.26 billion) will be reached duriing the current fiscal year.

Considerable political pressure resulted when deregulated power prices rose considerably, more than a year ago. Under the caps that were enacted to shield residents and small businesses, the difference between the caps and market prices has been shouldered by the province. Builders and developers of energy infrastructure said shortly after the caps were imposed that the uncertainty about their possible returns from new investments made it difficult to justify building.
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