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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

British Energy Struggles with Losses

LCG, Aug. 29, 2002--Losses experienced by British Energy through its power generation portfolio are serious enough to have led to the British government's holding high-level talks concerning possible government assistance.

Operating losses have amounted to approximately $60 million in the fiscal year just past, up by 70 percent compared to losses in the previous fiscal year. British Energy was privatized in 1996, and supplies Britain with one-quarter of its power needs through eight plants, including highly efficient nuclear generators.

Analysts say that part of its difficulties could be alleviated if it were not required to pay levies intended for climate control, as plants producing greenhouse gases do. Additionally, the effect of the collapse of Enron and the subsequent decline of liquidity and stricter credit control in the wholesale power market have dampened the potential for using derivatives for risk-management purposes.

The Torness plant in Scotland has had to be closed, following malfunctions in key gas circulation turbines. The government is said to be considering a possible bailout and return to partial or full public ownership, although even the infusion of cash brought by such a bailout would not necessarily end the company's problems. "It's almost inconceivable that the government would let British Energy go into receivership," commented Roger Reynolds, at Credit Suisse First Boston, in the New York Times.
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