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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

Centrica Pays $252 Million for TXU Plants in UK

LCG, Aug. 27, 2001--Centrica Plc, the largest British combined gas and electricity supplier, doubled its electric power capacity Friday when it agreed with TXU Corp. of the U.S. to acquire two power plants on a lease purchase arrangement.

Centrica said it purchased for $252 million two 20-year leases to operate gas-fired power plants in Peterborough and King's Lynn in East Anglia, a region of eastern England. At the end of the leases, Centrica will have the option of acquiring the two plants.

Roy Gardner, Centrica's chief executive, said the deal would boost his company's owned generating capacity from 755 megawatts to 1,460 megawatts, still less than a third of the peak demand from its 4.5 million retail customers.

"Today's transaction reinforces our commitment to grow our electricity business and to continue offering customers a competitive package," he said Friday. Three months ago, Centrica bought a 60 percent interest in Humber Power, a modern natural gas-fueled plant.

Centrica was created with the partial "de-merger" of the British Gas monopoly in 1995.

TXU, for its part, said it is selling generating assets to clean up its balance sheet. The American company is the UK's third-largest combined gas and electricity supplier and says it has plenty of generation, even after selling its 1,000 megawatt Rugby coal-burner to International Power in June.

"This is a significant step towards achieving our optimum generation position in the UK market," said Martin Stanley, president of TXU Europe energy trading, adding that the company would like to sell another 2,000 megawatts of capacity.

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