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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

Dynegy Sheds Illinois Power Utility

LCG, Nov. 3, 2003--Dynegy Inc., which is hoping to regain financial strength when the energy market recovers, sold the regulated utility Illinois Power to Exelon Corp. for $2.23 billion, it announced today.

Talks concerning the deal have been in progress since September. The transaction, which relieves Dynegy of $1.8 billion of debt, will result in the company receiving a $150 million promissory note and approximately $275 million cash.

By acquiring Illinois Power, Exelon will serve an additional 650,000 natural gas and electricity customers in Illinois. It currently produces power for 3.4 million customers in northern Illinois and 1.9 million electricity and natural gas customers in the area of Philadelphia, Pennsylvania.
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