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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

California's Treasurer Wants to Buy Transmission Grid

LCG, Feb. 9, 2001Phil Angelides, state treasurer of California, proposed yesterday that the state acquire the electric power transmission lines belonging to the state's cash-strapped utilities as a way of helping the companies avoid bankruptcy.

"Everybody," as Jimmy Durante was fond of reminding us, "wants ta get inta da act."

"I believe the only appropriate role for the state at this point is, after the utilities decide what theyare going to do to reorganize, is for us to be willing to buy the transmission assets," Angelides toldreporters yesterday.

The treasurer's proposal came as the state legislature was considering a similar plan as one way to get money to the utilities without allowing a significant rate increase or being accused of allowing a taxpayer-funded "bailout" of the companies.

Angelides said his plan would require the state's two largest utilities, Pacific Gas & Electric Co. and Southern California Edison Co., to drop lawsuits against the state seeking to recover money they have spent buying power on the volatile wholesale market that they were forced to sell at much lower rates to retail customers.

He said one benefit of the state owning the transmission grid is it could issue tax exempt bonds for necessary improvements which could cost around $1 billion.

It would be just like the state owning the highway system, which is more congested than the transmission system even though CalTrans, the state highway department has been in charge of it for decades. Commuters locked in traffic jams will not be reassured.

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