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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

Con Edison to Cut Power, Gas Distribution Charges

LCG, Nov. 29, 2000--Consolidated Edison Co. of New York said yesterday that it had agreed with state regulators on reductions in electric and natural gas distribution rates and stabilize steam rates. The electric agreement also increases protections for low-income customers, the company said.

The New York State Public Service Commission also gave its approval to Con Edison's pending merger with Northeast Utilities. About half of the merger-related savings that apply to Con Edison's electric customers -- some $18.5 million -- will be returned to those customers.

Under the electric portion of the agreement, the utility will extend its restructuring agreement from 2002 to 2003, adding about $1.5 billion of rate benefits to the $1.1 billion provided for in the 1997 agreement. The typical New York City residential customer will save about $50 per year.

Con Edison's gas customers will get a distribution rate cut that will save the typical residential customer about $90 per year.

"These agreements will provide significant long-term savings to our electric, steam and gascustomers," said Eugene R. McGrath, Con Edison's chairman and chief executive. "The agreements will also provide us with the financial capability to maintain and strengthen our service delivery systems in all of our operations."

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