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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

Connecticut Light & Power Rate Changes a Wash

LCG, June 21, 2001--The Connecticut Department of Public Utility Control said yesterday it will require Northeast Utilities subsidiary Connecticut Light & Power Co. to reduce its electricity delivery rates by $21.1 million.

At the same time, the utility will be required to increase by approximately the same amount its generation service charge, the price customers pay the company to make the electricity.

The transmission and distribution charge reduction results from over-earnings due to the company's reduction of stranded costs as a result of the sales of its generating assets. The generation service charge increase results from increasing costs of purchasing power, mostly because of the rising costs of power plant fuel.

The DPUC said in a news release that it will be easier for alternative energy service companies to sell generation competitively if CL&P must charge more for the electricity it sells. Customers will benefit because no matter who sells the power, it is delivered by the utility.

The department's decision includes an earnings sharing mechanism for future excess earnings under which future earnings above 10.3 percent will be shared 50 percent by customers and 50 percent by shareholders.

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