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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

Mid-American Unit Sues SoCal Ed over Payment

LCG, Nov. 15, 2001--A subsidiary of a major Midwestern utility holding company said it filed a $100 million lawsuit yesterday against Southern California Edison Co., alleging the struggling utility has reneged on an agreement to pay part of its past-due bill.

CalEnergy Operating Corp., which is 50 percent owned by Mid-American Energy Holdings Corp., said it file suit in California Superior Court in Imperial County claiming SoCal Ed had reneged on an October promise to begin paying overdue bills for electricity produced at its geothermal plants.

In exchange for that agreement, CalEnergy and several other non-utility power producers known as "qualifying facilities" agreed not to file a petition which would force the utility into involuntary bankruptcy.

David Sokol, chairman of CalEnergy's parent company, said SoCal Ed "is reneging on its agreements with renewable energy producers. Edison protects its shareholders while little players across the state, including vendors and landowners in Imperial County, suffer."

Qualifying facilities are not, for the most part, "renewable energy producers." Most are medium-size conventional gas-fueled plants, many of which are cogeneration units, built in response to the Public Utility Regulatory Policies Act (PURPA) of 1978.

SoCal Ed took umbrage in a statement issued yesterday. "We categorically reject as untrue the claim that SCE breached any settlement agreement with CalEnergy or otherwise acted inappropriately," the utility said, adding that it hoped to be able to pay all its creditors early in the new year.

"Meanwhile, we believe it is important to deal fairly and equitably with all creditors and not to single out one group for preferential payments," the company said.

Mid-American Energy is majority owned by billionaire investor Warren Buffett's Berkshire Hathaway Inc. and is the largest utility in Iowa, with operations extending into Illinois and South Dakota.

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