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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

TXU to Shutdown 585 MW of Peaking Generation

LCG, January 5, 2005--TXU announced that it will stop operating nine, 65-MW, gas-fired combustion turbines installed at two TXU generating stations in Texas. The turbines are under long-term lease agreements, and TXU will explore opportunities to sublease the turbines to a third party and/or mothball the turbines. TXU expects to complete its analysis of these opportunities during the first quarter of 2005.

Five of the turbines are located at the Permian Basin Steam Electric Station in Ward County, Texas, and the other four are located at the DeCordova Steam Electric Station in Hood County, Texas.

By terminating the operations of the turbines, TXU expects to report a non-cash charge of approximately $156 million ($102 million after-tax) in the fourth quarter of 2004. Beginning in 2005, annual lease expenses for the turbines should drop by approximately $17 million ($11 million after-tax) as a result of the charge. TXU expects to continue to make normal payments under the existing leases and does not anticipate incurring any additional material cash or non-cash charges as a result of the transactions related to the combustion turbines.

Last November, TXU announced similar plans to mothball eight, gas-fired electric generating units with a combined capacity of 2,516 MW. These units are located at Valley, North Lake and Morgan Creek stations. TXU estimated the total annual savings for mothballing the eight units to be approximately $20 million.

TXU also executed an agreement on December 30, 2004 to terminate an existing power purchase and tolling agreement with ExTex LaPorte Limited Partnership that would have expired in 2006. The agreement includes a payment of $172 million and is expected to add flexibility to TXU's wholesale market activities and to reduce its overall cost of energy sold by approximately $22 million in 2005 and 2006.

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