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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

Progress in Cross Sound Cable Resolution

LCG, June 25, 2004--Government and utility officials in New York and Connecticut have reached an agreement in principle regarding the future of the transmission cables connecting Long Island and Connecticut. The agreement will allow the activation of the 330 MW Cross Sound Cable, which connects New Haven and Long Island, and requires the Long Island Power Authority (LIPA) to pay half of the repair costs for another set of aging, underwater electricity cables connecting Norwalk, Connecticut to Northport, New York. In addition, the agreement calls for a $6 million research and restoration fund for Long Island Sound. The agreement came yesterday at the final hour of a deadline set by FERC Chairman Pat Wood III. The activation of the Cross Sound Cable is expected to improve system reliability for New York and Connecticut immediately.

The Cross Sound Cable, the first merchant transmission project in the U.S., was installed in 2002 but has seen limited use following the discovery that limited portions of the cable were not buried at the approved depth and the subsequent opposition from the State of Connecticut on environmental grounds. The agreement calls for the burial of the cable at the proper depth, but the schedule for achieving this requirement is not clear at this time.

The repairs to the 12-mile, underwater Norwalk to Northport cables, known as the 1385 Cables, have been an issue since 1996. In February 2004, Northeast Utilities Service Company (NUSCO), on behalf of Connecticut Light and Power (CL&P) requested the FERC to order LIPA to replace the deteriorating cables. New York's cost for the repairs are estimated to be as high as $40 million.

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