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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

Dominion Resources to Buy Louis Dreyfus Gas

LCG, Sept. 10, 2001--Dominion Resources Inc. said on Monday it had agreed to acquire Louis Dreyfus Natural Gas for $2.3 billion in cash, stock and assumed debt in a deal that would increase its natural gas reserves by 60 percent and expand its fast-growing energy trading business.

Virginia-based Dominion said it would pay $890 million in cash and exchange 0.3226 of a share for each share in Oklahoma City-based Louis Dreyfus. Based on Friday's closing price for Dominion shares on the New York Stock Exchange, the stock portion of the deal would be worth about $900 million. Dominion would also assume $505 million in Louis Dreyfus debt.

Dominion said the deal would double its energy trading and sales volumes over 2000 levels to 2.4 trillion cubic feet per year from 1.2 trillion cubic feet per year and would give the company total daily energy production capacity of more than three trillion British thermal units.

Thomas E. Capps, chief executive of Dominion Resources, said that Louis Dreyfus et Cie and its subsidiaries, which own more than 42 percent of Louis Dreyfus Natural Gas' outstanding shares, have committed to vote their shares in favor of the deal.

Dominion expects the transaction to close before the end of this year. There is a $70 million break-up fee if something goes wrong.

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