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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

California Treasurer Still Pushing $12.5 Billion Deal

LCG, Jan. 7, 2002--California Treasurer Phil Angelides is pushing hard for the state to issue the $12.5 billion in power revenue bonds that would pay back the general fund for more than $7 billion in spot market purchase of electricity and fund the $43 billion in long term contracts.

Angelides said it was essential for the bonds to be sold if California wants any chance of making it through the economic challenges it faces, according to a report Saturday by Thomson Financial Media.

"The only thing standing between us and the marketplace is us," he said yesterday, speaking at a bond buyer conference. "The deal has to get done."

At first, the bond issue was delayed by the state legislature. When Republicans refused to go along with the indebtedness -- the largest municipal bond issue ever -- during a special session called by Gov. Gray Davis, there was no chance that the sale could take place last spring.

Davis had "guaranteed" that the general fund would be repaid by June 30.

A new deadline of October 31 was set for the bond sale, but by then the California Public Utilities Commission, which must sign off on some elements of how the debt is to be repaid and serviced, looked with disfavor upon the issue. The CPUC has taken no action and appears unwilling to do so.

Angelides remains optimistic. "My hope is that in the next few weeks the PUC will look at the reality of where we stand fiscally in the state and the reality that the governor plans to veto Senate Bill 18XX."

Senate Bill 18XX is an alternative bond structure that Angelides and the state attorney general have said could lead to extensive litigation that would further delay the sale or make it impossible to sell bonds.

"The state can't get a bond counsel to say that bonds sold under SB 18XX would be free from litigation risk," Angelides said Friday. "We have not yet found a firm willing to give a clean opinion."

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