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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

Davis-Besse Repairs Increase in Cost and Duration

LCG, Oct. 7, 2002--Repairs underway at the Davis-Besse nuclear power plant in Ohio will require that the plant be out of service until early next year, and are expected to cost owner FirstEnergy more than $100 million above what was originally estimated.

The cost of installing a new reactor head, estimated at between $55 million and $75 million, will remain the same, according to the company. This year's work necessary to bring the plant online will likely increase in cost by $65 million, while next year's follow-up maintenance is seen as incurring $50 million more in expenses than previous estimates.

While the plant is out of service, FirstEnergy has a supply of energy to replace the nuclear plant's output, due to hedging. Of the repairs being performed, only the new reactor head will be capitalized. A leak of boric acid resulted in a hole within the protective reactor head.
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