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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

Governor Says State Power Market Not Competitive

LCG, July 28, 2000--In response to power surges in the wholesale price of electricity that short-circuited the utility bills of San Diego householders over the past two months, California Gov. Gray Davis yesterday called on state regulators to ask the Federal Energy Regulatory Commission to rule that California does not have a competitive energy market.

Such a ruling would allow FERC to put a cap on wholesale power prices in California, but it is not a sure bet that they would be lower than the $500 per megawatt-hour cap currently imposed by the California Independent System Operator.

In a Wednesday decision to temporarily limit the price that generators may bid to sell their energy into the New York wholesale market, FERC declared that flaws in that competitive market system warrant a $1,000 per megawatt-hour bid cap through the summer period.

The governor also urged the state Public Utilities Commission, which will take up soaring wholesale electricity prices on August 3, to "take all actions necessary to assure that electricity supplies are adequate and that prices paid by California consumers are just and reasonable."

Earlier this month, Cal-ISO reduced the cap on wholesale electricity prices from $750 to $500, and may again cut the price -- this time to $250 -- when it meets next Tuesday.

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