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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

California Power Prices Golden for Reliant

LCG, Oct. 25, 2000--Reliant Energy Inc., the Houston-based electric utility active in the national merchant power movement, said this morning that power plants it acquired from Southern California Edison Co. made a major contribution to its record earnings.

Reliant said its third-quarter net income rose to $389 million, or $1.34 per share, from an adjusted $283 million, or $0.99 per share, from the same period last year.

Contributing to that 37 percent increase in profits was a sevenfold increase in operating income from its wholesale energy business, which consists of its merchant power plants and its electricity trading and marketing operations.

"Our strong commercial management of generating assets and commercial gas and power positions in attractive regions of the U.S. has allowed us to break out of the traditional role of a local energy provider. As markets evolve, we will continue to build business positions that capitalize on thesestrengths," said Steve Letbetter, chairman, president and chief executive.

The company said it enjoyed "higher energy sales and energy prices due to unique seasonal dynamics in the Western markets."

That Western market was California, where Reliant has 3,800 megawatts of generating capacity purchased from SoCal Ed when the Golden State's electric restructuring law encouraged state utilities to divest their power plants. That generation amounted to more than 8 percent of the state's peak demand on its hottest day this summer.

The Golden State proved golden for Reliant Energy in the third quarter.

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