The article presented is concerned with an evaluation of the corrosion behavior of SA-508 low alloy steel (LAS) and Type 309L stainless steel (SS) cladding of a reactor pressure vessel under the simulated primary water chemistry of a pressurized water reactor (PWR). The uniform corrosion and galvanic corrosion rates of SA-508 LAS and Type 309L SS were measured in three different control conditions: power operation, shutdown, and power operation followed by shutdown. In all conditions, the dissimilar metal coupling of SA-508 LAS and Type 309L SS exhibited higher corrosion rates than the SA-508 base metal itself due to severe galvanic corrosion near the cladding interface, while the corrosion of Type 309L in the primary water environment was minimal. The galvanic corrosion rate of the SA-508 LAS and Type 309L SS couple measured under the simulated power operation condition was much lower than that measured in the simulated shutdown condition due to the formation of magnetite on the metal surface in a reducing environment. Based on the experimental results, the corrosion rate of SA-508 LAS clad with Type 309L SS was estimated as a function of operating cycle simulated for a typical PWR.