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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

Mirant Finally Unloads Chile's Edelnor

LCG, Jan. 2, 2002--Mirant Corp. of the United States said this morning that it completed the $4.5 million sale of its money-losing Chilean electric utility Empresa Electrica del Norte Grande SA , or Edelnor.

In addition to paying Mirant $4.5 million, F.S. Inversiones Ltda. will assume $340 million in debt and try to stave off liquidity problems.

Edelnor, which consists mostly of 760 megawatts of generation capacity, has been unable to settle into a profitable routine in northern Chile, where it is one of the principal generators of electricity. Mirant put the company on the block last October after writing off its entire investment in the company.

At that time, it also said it would not invest another dollar in Edelnor.

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