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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

Attorney General Files Lawsuit Charging California Companies

LCG, March 12, 2002-Yesterday Attorney General Bill Lockyer went through with his plan to file civil suit against California energy companies. Lockyer accused four companies of swindling Californians by selling them emergency energy that was never provided. "They sold emergency generating capacity to the California Independent System Operator (ISO), which is responsible for maintaining the western power grid, then turned around and sold the same power capacity into the lucrative spot market for wholesale electricity." Lockyer said these companies sold the same power twice at least 20,000 times.

Dynergy Inc., Reliant Energy Inc, Mirant Corp., and Williams Energy Marketing and Trading Company were sued for over $150 million, not much in comparison with the alleged $28 billion worth of overcharges in the spot and longterm markets. However Lockyer says they are only the first and that the whole market will come under scrutiny.

This lawsuit is especially unusual because it was filed in state court instead of federal court or before the Federal Energy Regulatory Commission. Lockyer said he chose to file civil instead of criminal charges because the state might then be able to retrieve lost money.

Spokesmen from Dynergy, Mirant and Williams asserted that they had always behaved responsibly and that as yet no proof has been disclosed.

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