<SEC-DOCUMENT>0001124198-25-000063.txt : 20251009
<SEC-HEADER>0001124198-25-000063.hdr.sgml : 20251009
<ACCEPTANCE-DATETIME>20251009162852
ACCESSION NUMBER:		0001124198-25-000063
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251009
DATE AS OF CHANGE:		20251009

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUSCALE POWER Corp
		CENTRAL INDEX KEY:			0001822966
		STANDARD INDUSTRIAL CLASSIFICATION:	FABRICATED PLATE WORK (BOILER SHOPS) [3443]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				852715384
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-91874
		FILM NUMBER:		251385394

	BUSINESS ADDRESS:	
		STREET 1:		1100 NE CIRCLE BLVD., SUITE 350
		CITY:			CORVALLIS
		STATE:			OR
		ZIP:			97330
		BUSINESS PHONE:		(971) 371-1592

	MAIL ADDRESS:	
		STREET 1:		1100 NE CIRCLE BLVD., SUITE 350
		CITY:			CORVALLIS
		STATE:			OR
		ZIP:			97330

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPRING VALLEY ACQUISITION CORP.
		DATE OF NAME CHANGE:	20200828

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLUOR CORP
		CENTRAL INDEX KEY:			0001124198
		STANDARD INDUSTRIAL CLASSIFICATION:	HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				330927079
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		6700 LAS COLINAS BLVD
		CITY:			IRVING
		STATE:			TX
		ZIP:			75039
		BUSINESS PHONE:		4693987000

	MAIL ADDRESS:	
		STREET 1:		6700 LAS COLINAS BLVD
		CITY:			IRVING
		STATE:			TX
		ZIP:			75039
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
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    <submissionType>SCHEDULE 13D/A</submissionType>
    <previousAccessionNumber>0001124198-25-000056</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001124198</cik>
          <ccc>XXXXXXXX</ccc>
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      <liveTestFlag>LIVE</liveTestFlag>



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  <formData>
    <coverPageHeader>
      <amendmentNo>5</amendmentNo>
      <securitiesClassTitle>Class A Common Stock, par value $0.0001 per share</securitiesClassTitle>
      <dateOfEvent>10/08/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001822966</issuerCIK>
        <issuerCUSIP>67079K100</issuerCUSIP>
        <issuerName>NUSCALE POWER Corp</issuerName>
        <address>
          <com:street1>1100 NE Circle Blvd., Suite 200</com:street1>
          <com:city>Corvallis</com:city>
          <com:stateOrCountry>OR</com:stateOrCountry>
          <com:zipCode>97330</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Kevin B. Hammonds</personName>
          <personPhoneNum>469-398-7000</personPhoneNum>
          <personAddress>
            <com:street1>Fluor Corporation</com:street1>
            <com:street2>6700 Las Colinas Blvd.</com:street2>
            <com:city>Irving</com:city>
            <com:stateOrCountry>TX</com:stateOrCountry>
            <com:zipCode>75039</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0001124198</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Fluor Corporation</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>111400219.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>111400219.00</sharedDispositivePower>
        <aggregateAmountOwned>111400219.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>39.1</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <typeOfReportingPerson>HC</typeOfReportingPerson>
        <commentContent>The ownership percentage in this schedule is based upon an aggregate of 133,893,376 shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock") and 150,983,449 shares of Class B common stock, par value $0.0001 per share (the "Class B Common Stock"), of NuScale Power Corporation ("Issuer") issued and outstanding as of August 5, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission ("SEC") on August 7, 2025.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Fluor Enterprises, Inc.</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>CA</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>111400219.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>111400219.00</sharedDispositivePower>
        <aggregateAmountOwned>111400219.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>39.1</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <typeOfReportingPerson>HC</typeOfReportingPerson>
        <commentContent>The ownership percentage in this schedule is based upon an aggregate of 133,893,376 shares of Class A Common Stock and 150,983,449 shares of Class B Common Stock issued and outstanding as of August 5, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 7, 2025.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>NuScale Holdings Corp.</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>463747.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>463747.00</sharedDispositivePower>
        <aggregateAmountOwned>463747.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>0.2</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <typeOfReportingPerson>HC</typeOfReportingPerson>
        <commentContent>The ownership percentage in this schedule is based upon an aggregate of 133,893,376 shares of Class A Common Stock and 150,983,449 shares of Class B Common Stock issued and outstanding as of August 5, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 7, 2025.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Class A Common Stock, par value $0.0001 per share</securityTitle>
        <issuerName>NUSCALE POWER Corp</issuerName>
        <issuerPrincipalAddress>
          <com:street1>1100 NE Circle Blvd., Suite 200</com:street1>
          <com:city>Corvallis</com:city>
          <com:stateOrCountry>OR</com:stateOrCountry>
          <com:zipCode>97330</com:zipCode>
        </issuerPrincipalAddress>
      </item1>
      <item4>
        <transactionPurpose>This Amendment No. 5 on Schedule 13D/A (this "Amendment No. 5") is being filed jointly by (i) Fluor Corporation, a Delaware corporation and a publicly listed company on the New York Stock Exchange ("Fluor"), (ii) Fluor Enterprises, Inc., a California corporation ("Fluor Enterprises") and wholly owned subsidiary of Fluor, and (iii) NuScale Holdings Corp., an Oregon corporation ("NuScale Holdings", together with Fluor Enterprises and Fluor, the "Reporting Persons"). This Amendment No. 5 amends and supplements the Schedule 13D previously filed by the Reporting Persons on May 12, 2022, as amended by Amendment No. 1 filed on November 3, 2022, Amendment No. 2 filed on August 1, 2025, Amendment No. 3 filed on September 23, 2025 and Amendment No. 4 filed on October 1, 2025 (the "Original Filing"), with respect to the Class A Common Stock of NuScale Power Corporation (the "Issuer").

The Items below amend and supplement the information disclosed under the corresponding Items of the Original Filing.

Item 4 is hereby amended and supplemented to add the following:

As previously disclosed, on August 12, 2025, Fluor Enterprises exchanged 15,000,000 Class B common units of NuScale Power, LLC (together with the cancellation of 15,000,000 shares of Class B Common Stock) for 15,000,000 shares of Class A Common Stock pursuant to that certain Exchange and Lock-Up Agreement, dated as of July 31, 2025, by and among NuScale Power Corporation, NuScale Power, LLC and Fluor Enterprises (the "Exchange and Lock-Up Agreement"), which is referenced herein as Exhibit 10 to Amendment 2 and incorporated by reference.  Following the expiration of the initial lock-up period under the Exchange and Lock-Up Agreement, Fluor Enterprises commenced sales of Class A Common Stock on Tuesday, September 16, 2025, in transactions permitted by, and effected in compliance with, the Exchange and Lock-Up Agreement (including, from and after September 11, 2025, the daily volume limitations described therein). On October 8, 2025, Fluor Enterprises completed the sale of all such 15,000,000 shares of Class A Common Stock. As a result of such sales, the Reporting Persons' percentage beneficial ownership of the Issuer's outstanding equity securities has decreased from that previously reported.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>Item 5 is hereby amended and supplemented to add the following:

(a)  - (c)

As of the date of filing this Amendment No. 5, Fluor Enterprises is the record owner of 110,936,472 shares of Class B Common Stock (representing 38.9% of the total outstanding shares of Class B Common Stock and Class A Common Stock), and NuScale Holdings is the record owner of 463,747 shares of Class B Common Stock (representing 0.2% of the total outstanding shares of Class B Common Stock and Class A Common Stock). Each Class B common unit of NuScale LLC (together with the cancellation of a share of Class B Common Stock) is exchangeable for a share of Class A Common Stock.

To the knowledge of the Reporting Persons, information regarding the beneficial ownership of Class A Common Stock held by the persons listed in Schedule A as of March 24, 2025 is reported in the proxy statement of the Issuer filed on April 9, 2025 with the SEC under the heading "BENEFICIAL OWNERSHIP OF SECURITIES", which is incorporated by reference herein.

As a result of the sales of Class A Common Stock by Fluor Enterprises beginning on September 16, 2025, as permitted under the Exchange and Lock-Up Agreement, the Reporting Persons' beneficial ownership of the Issuer's outstanding equity securities has decreased from the amounts previously reported.</percentageOfClassSecurities>
      </item5>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Fluor Corporation</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Kevin B. Hammonds</signature>
          <title>Kevin B. Hammonds/Executive Vice President, Chief Legal Officer and Corporate Secretary</title>
          <date>10/09/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Fluor Enterprises, Inc.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Kevin B. Hammonds</signature>
          <title>Kevin B. Hammonds/Executive Vice President, Chief Legal Officer and Corporate Secretary</title>
          <date>10/09/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>NuScale Holdings Corp.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Shahram Ghasemian</signature>
          <title>Shahram Ghasemian/Secretary</title>
          <date>10/09/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
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