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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

Water Authority to Bid for Nevada Power

LCG, Aug. 23, 2002--Nevada Power, which has seen its credit rating fall into junk territory after its last rate case was rejected, has said it received a letter from the Southern Nevada Water Authority (SNWA) indicating an offer to buy the power utility is forthcoming.

The Southern Nevada Water Authority has a high-quality credit rating, and has engaged Morgan Stanley & Co. to assist in developing a planned $1.2 billion bid. SNWA says that not only would it be able to refinance $2 billion of the power utility's debt, but that it could lower rates for power customers by 20 percent. About half of the recent $922 million rate increase that was sought by Nevada Power was granted, while the rest was declared to have been incurred imprudently. Much of Nevada Power's debt resulted when it bought expensive power on the spot market in 2001.

The SNWA serves nearly the same customers as Nevada Power. "If they can solve this and provide a huge reduction in rates to the customers, then the governor's going to be doing cartwheels," Ronald Tanner, an analyst with Legg Mason, told Reuters.
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