Sec Form 3 Filing - Chubu Electric Power Company, Inc @ NUSCALE POWER Corp - 2024-11-25

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Chubu Electric Power Company, Inc 2. Issuer Name and Ticker or Trading Symbol NUSCALE POWER Corp [ SMR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1, HIGASHI-SHINCHO, HIGASHI-KU, 3. Date of Earliest Transaction (MM/DD/YY) 11/25/2024 (Street) NAGOYA, M0461-8680 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Paired Interests ( 3 ) ( 3 ) ( 3 ) ( 3 ) Class A Common Stock 19,285,070 I ( 1 ) ( 2 ) ( 4 ) By Japan NuScale Innovation, LLC

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Chubu Electric Power Company, Inc 1, HIGASHI-SHINCHO, HIGASHI-KU NAGOYA, M0461-8680 X Chubu Global Investment Americas Inc. C/O CHUBU ELECTRIC POWER CO., INC. 1, HIGASHI-SHINCHO, HIGASHI-KU NAGOYA, M0461-8680 X Signatures /s/ Yukiko Morishita, Deputy Division CEO of Global Business 12/04/2024 Signature of Reporting Person Date /s/ Jun Matsuda, President 12/04/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This Form 3 is being filed jointly by Chubu Electric Power Co., Inc. ("Chubu") and its wholly owned subsidiary Chubu Global Investment Americas Inc. ("Chubu Americas"). Chubu and Chubu Americas are filing this Form 3 as a result of having become members of a "group" (the "Group") within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with Japan NuScale Innovation, LLC ("JNI"), Japan Bank for International Cooperation ("JBIC"), JGC Holdings Corporation ("JGC"), JGC's wholly owned subsidiary JGC America, Inc. ("JGC America"), IHI Corporation ("IHI"), and IHI's wholly owned subsidiary IHI Americas Inc. ("IHI America"). ( 2 )The Group may be deemed to beneficially own more than 10% of the outstanding class of Class A Common Stock of NuScale Power Corp. (the "Issuer") ("Class A Common Stock"), by virtue of (i) JNI's holdings of certain Paired Interests (as defined below) and (ii) the provisions of the Voting Agreement (as defined below) by and among JNI, JBIC, NuScale Power, LLC, and Fluor Enterprises, Inc. ("Fluor"). JNI, JBIC, JGC, JGC America, IHI, and IHI America jointly filed a Form 3 on November 10, 2022 that reflected the original composition of the Group. ( 3 )The term "Paired Interests" is used herein to refer to the economic, non-voting Class B Units of NuScale Power, LLC ("Class B Units") and an equal number of paired shares of non-economic, voting Class B Common Stock of the Issuer ("Class B Common Stock"). Pursuant to and subject to the applicable terms and conditions of the limited liability company agreement of NuScale Power, LLC and the certificate of incorporation of the Issuer (each as amended from time to time): (a) a holder of Class B Units has the right, and in certain circumstances the obligation, to exchange a Class B Unit on a one-for-one basis (subject to adjustment from time to time) for, at the option of the Issuer, (i) a share of Class A Common Stock of the Issuer or (ii) an equivalent value of cash in limited circumstances; and (b) upon such an exchange, the Issuer will cancel and retire, for no consideration, the paired share of Class B Common Stock. ( 4 )The Paired Interests reported in Column 1 of Table II are held of record by JNI. JBIC, JGC America, IHI America, and Chubu Americas are the members of JNI. Consequently, JBIC, JGC (through JGC America), JGC America, IHI (through IHI America), IHI America, Chubu (through Chubu Americas), and Chubu Americas may be deemed to have shared voting and investment power with respect to the securities held by JNI. Each of Chubu and Chubu Americas disclaims beneficial ownership of the securities referenced herein, and this Form 3 shall not be deemed an admission that Chubu, Chubu Americas, or any other person referenced herein is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or otherwise.

Remarks: This Form 3 is being filed due to JNI and JBIC being deemed to be members of a "group" within the meaning of Section 13(d) of the Exchange Act with Fluor by virtue of that certain Letter Agreement Regarding Board and Management Rights, dated April 4, 2022 (the "Voting Agreement"). Such group beneficially owns Paired Interests that can be exchanged, in the aggregate, for more than 10% of the outstanding shares of Class A Common Stock. For purposes of Section 16 of the Exchange Act, the Voting Agreement does not confer on Chubu or Chubu Americas any pecuniary interest in the Paired Interests held by Fluor, and therefore this Form 3 does not report such Paired Interests held by Fluor or the shares of Class A Common Stock underlying such Paired Interests held by Fluor.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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