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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

Enron Prepared for Higher California Energy Prices

LCG, Apr. 11, 2002--A state senator from California testifies today before a U.S. Senate Commerce Committee on internal Enron documents indicating that the company secured large amounts of electric power and natural gas in mid-2000 before a surge in wholesale electricity prices set off a power crisis in the Western states.

The senator, Joseph Dunn, has prepared remarks concerning evidence that Enron was betting on large price increases. The company said during the height of the power supply crisis in 2001 that it was not deriving benefit from the higher prices, due to the increased cost of obtaining power. It cited such costs as a reason to back out of a direct service, four-year power supply contract with the state university system in February 2001.

Dunn will say of electricity purchases, "we know from the daily position reports, which Enron provided our committee, that as the summer of 2000 approached, Enron's traders had taken increasingly 'long' positions in the market..." According to Dunn, the tracking of gas purchases show the company wanted to become a net seller of gas. Remarks obtained in advance reflect a finding that "staggering shifts, a veritable sea change, from short to long positions are found in Enron's own books."

Additional testimony will cover the company management's opinions concerning the effects of deregulation. Within Enron, a strong supporter of the deregulated marketplace, documents indicated that "internal predictions do not appear to support...hyperbolic promises" concerning lower consumer prices.
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