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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

Florida Power & Light Will Cut Rates

LCG, March 14, 2002-The Florida Power & Light Company came to an agreement with Florida officials and electricity consumers, allowing for a 7 percent decrease in electricity rates over the next four years.

A subsidiary of the FLP Group Inc., the Florida company announced that the rate cut will reduce base charges by $250 million and fuel charges by $200 million per year. The plan requires the company to turn over revenues that exceed a specified amount, $450 million for 2002, to Florida customers.

The decision has yet to be approved by the Florida Public Service Commission.

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