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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

Newsmakers

Kevin S. Crutchfield will become president of Coastal Coal Co., an affiliate of El Paso Corp. subsidiary El Paso Merchant Energy, beginning today. He most recently was president of Amvest Corp. and previously held the position of chairman, president and chief executive of Cyprus Australia Coal Co., as well as other executive positions with Pittston Coal Co.

Michael P. Holstein, a utility executive with more than 20 years of business experience, has been named vice president and chief financial officer of the Midwest Independent Transmission System Operator Inc.

Constance H. Lau has been elected a director of Hawaiian Electric Industries Inc. and appointed president and chief executive officer of American Savings Bank, F.S.B., one of Hawaiian Electric's two core operating subsidiaries. She most recently was treasurer and chief financial officer of HEI Power Corp., another subsidiary.

David G. Mengebier has bee promoted to senior vice president for governmentaland public affairs by CMS Energy Corp., succeeding John W. Clark, who will retire effective August 1. Mengebier is currently vice president of governmental and international affairs, based in Washington, D.C.

Mark Ruelle, senior vice president and chief financial officer of Sierra Pacific Resources Inc. has been named president of subsidiary Nevada Power Co., replacing Steve Rigazio, who is retiring June 1 due to health reasons. Ruelle will continue to serve as chief financial officer until a replacement is named.

W. Mark Schmitz has been appointed vice president and chief financial officer of fuel cell maker Plug Power Inc. He joins the company from General Motors Corp., for which he most recently was vice president and chief financial officer of its DirecTV Latin America subsidiary.

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