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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

PSEG India Plant Begins Producing Power

LCG, June 12, 2001--Tanir Bavi Power Co., a joint venture between the PSEG Global unit of U.S. utility holding company Public Service Enterprise Group and the GMR Vasavi Group of India, announced yesterday that it had begun simple cycle operation of 170 megawatts of its planned 220 megawatt combined-cycle plant located on a barge south of Mangalore in the state of Karnataka, India.

A joint venture of PSEG Global and GMR Vasavi Group will operate the plant, which is expected to begin combined cycle operation in July.

The barge was assembled by Hyundai in Korea and then shipped to the Mangalore Coast. Tanir Bavi Power Co. has a power purchase agreement with the Karnataka State Electricity Board andescrow support from the Karnataka Power Transmission Corporation Ltd.

If PSEG runs into problems with the Karnataka State Electricity Board, similar to those which beset Enron Corp.'s Dabhol Power Co. with the Maharashtra State Electricity Board, the barge may make it possible to tow the whole operation to a more investor-friendly venue.

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