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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

Gila River Plant Complete

LCG, July 21, 2003--Units 3 and 4 of the Gila River Power Station have reached a "major milestone" as part of TECO Power Services' construction program, and are substantially completed, it was announced today.
A subsidiary of TECO Energy, Inc., TECo Power Services noted that the completion of major construction at the 2,145-megawatt power plant, ahead of schedule, provides it with necessary security to provide the lenders to the project. The plant can also provide more capacity during the summer, the company said. The amount of security to be posted in connection with letter of credit postings will become $66 million, down $44 million from the current level.

Upon the completion of the units and final acceptance, scheduled this fall, the amount of postings is expected to become $8 million. TECO Energy, Inc. also has subsidiaries Tampa Electric, Peoples Gas, TECO Power Services, TECO Transport, TECO Coal and TECO Solutions.
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