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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

Connecticut Ruling Threatens Con Edison-Northeast Merger

LCG, Oct. 24, 2000--Consolidated Edison Inc. said yesterday that failure by Connecticut regulators to ease restrictions upon which approval of the company's merger with Northeast Utilities is conditional could torpedo the deal.

Con Edison agreed last year to acquire Northeast, New England's larges electric utility, for $3.29 billion in cash and stock. The deal would create a utility holding company serving around 6 million customers, larger than Exelon Corp. which was formed by the merger of Peco Energy Co. and Unicom Corp.

In a decision released last week, the Connecticut Department of Public Utility Control made some minor changes from a draft decision objected to earlier by the two utilities, but failed to make it any more palatable, Con Edison said in a statement.

In its statement, Con Edison said without elaboration "Unless this order is substantially modified, it so significantly changes the economic effects and risks of the merger that it calls into serious question whether the transaction will be completed."

Among things in the draft decision the utilities objected to was a requirement that merger-related savings be passed on in large part to customers and a restriction on how much profit from the new holding company's Connecticut operations could be paid to the parent company. In addition, the regulators had asked for a 3 percent rate cut in Connecticut.

Con Edison, in its statement, said the companies "will reserve final judgment until we are able toassess the full effect of the final regulatory actions."

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