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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

DTE Announces Acquisition of Peaking Plant from LS Power

LCG, November 11, 2014-DTE Energy yesterday announced its plan to acquire the gas-fired, Renaissance Power Plant from The LS Power Group for $240 million. The plant, located in Carson City Michigan, is a simple-cycle facility with an electric generating capacity of 732 MW. DTE expects to complete the purchase during the first quarter of 2015.

The acquisition of the Renaissance Power Plant will provide DTE additional peaking capacity to support resource adequacy requirements and complement intermittent renewable resources. DTE Electric's President and Chief Operating Officer stated, "The purchase of Renaissance Power provides DTE customers with a safe, affordable, reliable and clean generation resource at a cost that is significantly below new build. Tightening supply markets for electricity in the region are expected to cause prices in the state and region to rise and become more volatile. This acquisition helps protect our customers from these dynamics."

The Renaissance Power Plant includes four Siemens-Westinghouse 501FD2 simple-cycle combustion turbines, which achieved commercial operation between 2002 and 2003.
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