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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

Massachusetts Okays Electric Rate Hike up to 69 Percent

LCG, April 3,2001The Massachusetts Department of Telecommunications and Energy yesterday approved rate increases for Massachusetts Electric Co. that will range from 23 percent for residential customers up to 69 percent for large industrial customers.

The industrial customers will then increase the prices of their products by an amount sufficient to absorb the increased cost of power, passing the rate hike along to their customers, many of whom are residential customers.

A typical householder using 500 kilowatt-hours of electricity per month will see his electric bill increase from $61.38 to $75.60, Massachusetts Electric said. The generation portion of the bill will increase from 6.37 cents per kilowatt-hour to 9.213 cents starting May 1, a jump of 45 percent, but with distribution charges and customer service factored in the overall increase will be about 23 percent.

Commercial customers will see the cost of electricity rise from 6.493 cents per kilowatt-hour to 9.556 cents, an increase of 47 percent, while industrial users will see a 69 percent increase from 5.46 cents to 9.054 cents.

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