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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

Enron Looks for End to Dabhol Troubles

LCG, July 10, 2001The governments of many nations and some of the biggest banks in the world want to see an end to the dispute over Enron Corp.'s $2.9 billion Dabhol power project in the Indian state of Maharashtra, Enron chairman Kenneth Lay told reporters today.

"I think it's in everybody's best interest -- the government of India, the government of the U.S., the investors, the government of Japan -- we have many government financial entities involved in this project," Lay said.

Yesterday, Lay met separately with Indian Finance Minister Yashwant Sinha and Power Minister Suresh Prabhu. Today, he was to meet with the chief minister of Maharashtra.

He said yesterday's meeting with Sinha did not yield a solution to the brouhaha, a contentious battle with Maharashtra and its state-run utility over payments for power. "Obviously we didn't come to any conclusion today. We didn't expect to come to any conclusion today. It will take some more work," Lay said, adding "certainly we're very hopeful."

Dabhol's total debt is around $2 billion, with Indian lenders holding about $1.4 billion of the paper. Lay said some of the biggest banks in the U.S., Europe, Canada and Japan have portions of the remaining $600 million.

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