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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

Pepco to Acquire Conectiv for $2.2 Billion

LCG, Feb. 12, 2001-- Potomac Electric Power Co. said this morning it would acquire Conectiv Inc. for $2.2 billion in cash and stock, in a deal that will make the new company the mid-Atlantic region's largest electric utility.

EnergyOnline Daily News reported Friday that the two companies were close to a deal. The $2.2 billion sale price values Conectiv at $25 per share of common stock, a 16 percent premium over Friday's closing price on the New York Stock Exchange.

Conectiv had quietly shopped itself around for several months, but had developed little interest from potential merger partners or buyers.

John Derrick, chairman and chief executive of Pepco, will retain those positions in the new company. Howard Cosgrove, his counterpart at Conectiv will retire.

Pepco said it will cut its annual dividend by 40 percent, from $1.66 to $1.00, effective with the June dividend. The company said the lower dividend was consistent with the payout of other electric distribution companies and the money saved was necessary for growth in an increasingly competitive industry.

Pepco said it expected necessary regulatory approvals to take about a year.

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