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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

Newsmakers

Terry Bassham has been named chief financial officer of El Paso Electric Co., replacing Gary Hedrick, who was named chief executive last week. Bassham most recently was executive vice president and general counsel. He will continue to serve as interim general counsel.

Raymond M. Bowen Jr. has been elected executive vice president for finance and treasurer of Enron Corp. He had been chief operating officer of Enron Industrial Markets and from 1998 to 1999, was treasurer of Enron Capital & Trade Resources.

John Ellegood a product of the U.S. Nuclear Navy, has been assigned by the Nuclear Regulatory Commission as the agency's resident inspector at the Perry Nuclear Power Plant in Ohio. He replaces Renee Vogt-Lowell who had been the Resident Inspector at Perry since August 1999.

Frank Frankowski has been appointed chief financial officer and vice president for finance by Peco Energy Co.. He most recently was controller for Peco.

Ira D. Hall, former treasurer of Texaco Inc., has been elected to the board of directors of The Williams Cos., bringing the total number of Williams board members to 15.

Clyde T. Turner, chief executive officer of the Mandalay Resorts Group from 1995 to 1998, has been elected to fill a vacant position on the board of Sierra Pacific Resources Corp. parent company for two Nevada utilities. His term begins immediately and he will stand for re-election by the shareholders at the company's annual meeting next spring.

Kathleen M. Walters has been named vice president for information technology by Exelon Energy Delivery, the parent company for Peco Energy Co. She moves up from the same position with Peco.

Britton White Jr. will retire as executive vice president and general counsel of El Paso Corp. effective December 31, 2001. He will be replaced by Peggy A. Heeg, who has served as senior vice president and deputy general counsel responsible for managing legal activities for many of ElPaso's business units.

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