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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

Takeover Panel Ruling Favors U.S. Bidder for Hyder

LCG, Aug. 16, 2000--The British governments takeover panel yesterday threw out a petition by Nomura International that would have excluded an American-owned firm, Western Power Distribution Ltd., from bidding for the Welsh utility Hyder Plc.

Nomura sought to exclude Western Power on the basis that its bid had been received too late for consideration. The Japanese firm could raise the issue again if it challenges the takeover panels ruling in court.

Western Power, a joint venture between The Southern Co. and PPL Inc., had submitted a final offer of 3.65 ($5.48 U.S.) per share for Hyder in what had become a bidding war between it and Nomura.

In April, Hyder began looking around for a buyer and Nomura stepped forward with an offer of 2.60 ($3.90), which Hyders board recommended to shareholders. Western Power then came into the picture with an offer of 3.00 ($4.50), which Nomura quickly bumped to 3.20 ($4.80). Well see your raise and sweeten it to 3.40 ($5.10) said Western Power, and the Hyder board switched allegiances.

At that point, Nomura raised the stakes to 3.60 ($5.40) and people started asking where it would all end. Among them was the takeover panel and with government involvement the situation became less clear.

Elizabeth Warwick, a spokeswoman for Hyder, told the Associated Press "It all seemed to have descended into chaos from there on in."

It is no clearer today, except there are still two bidders instead of one as Nomura wanted.

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