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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

PSEG to Close Two Coal Plants in New Jersey

LCG, October 6, 2016--PSEG announced yesterday that it will retire the Hudson Generation Station in Jersey City and the Mercer Generation Station in Hamilton Township on June 1, 2017. Hudson was opened in 1968 and has an electric generating capacity of 620 MW. Mercer was opened in 1960 and has a capacity of 632 MW. PSEG is evaluating all options for future use of the sites.

The president and chief operating officer of PSEG Power stated, "The sustained low prices of natural gas have put economic pressure on these plants for some time. In that context, we could not justify the significant investment required to upgrade these plants to meet the new reliability standards. The plants have been infrequently called on to run and neither plant cleared the last two PJM capacity auctions. The plants' capacity payments have been critical to their profitability and PSEG's ability to continue to invest in modernizing them."

PSEG currently is investing over $600 million in a new state-of-the-art combined-cycled gas plant in Sewaren, New Jersey (Sewaren 7) that is scheduled to be operational in 2018. Additional new combined-cycle plants in planned in Connecticut (Bridgeport Harbor 5) and Maryland (Keys Energy Center).
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