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PJM Reports Resources Are Adequate to Meet Growing Summer Demand

LCG, May 7, 2026--PJM issued today its Summer Outlook 2026, which forecasts sufficient generation for typical peak demand this summer. PJM states that it is prepared to call on contracted demand response resources to reduce electricity use during times of high system stress.

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NRC Approves Oklo's Principal Design Criteria Topical Report for Aurora Powerhouse

LCG, May 6, 2026--Oklo Inc. ("Oklo"), an advanced nuclear technology company, announced today that the U.S. Nuclear Regulatory Commission (NRC) has approved the Principal Design Criteria (PDC) topical report for the Aurora-INL (Idaho National Laboratory) nuclear small modular reactor (SMR), which is currently under construction in Idaho. The PDC topical report establishes a regulatory framework that defines the fundamental safety, reliability, and performance requirements to guide future reactor licensing and design activities, and the approved report should simplify future applications and reduce the need to re-review established material.

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Industry News

Teco Joins Panda in Two Huge Merchant Plants

LCG, Nov. 15, 2000--Teco Power Services and Panda Energy International today announced that they have formed a joint venture to build, own and operate two natural gas-fueled, combined-cycle merchant power plants, each of more than 2,200 megawatts capacity.

The new facilities will represent an investment of $2.3 billion, the companies said. A 2,220 megawatt plant planned for El Dorado, Ark., is in an early construction phase. A 2,350 megawatt project at Gila Bend, Ariz., is in an advanced stage of development, with siting, permitting and other agreements in place.

Panda was responsible for initial planning and development of the two projects. Bob Carter, chairman and chief executive of the independent power producer, said "These are highly attractive projects in excellent markets, and we're excited about this joint venture."

Robert Fagan, chairman and chief executive of Tampa-based Teco Energy Inc., parent company of Teco Power Services, said "We are well on our way to transforming our company into one that is predominantly unregulated in a financially disciplined manner."

The El Dorado project is being built to interconnect with an Entergy-Arkansas substation adjacent to the site. The first phase is expected to begin producing power by the summer of 2002 with full commercial operation a year later.

The Gila Bend project will interconnect with Arizona Public Service Co.'s Palo Verde switchyard and begin commercial operation in the late summer of 2002.

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