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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

Davis' Maviglio Another Calpine Shareholder

LCG, July 31, 2001Just days after California Gov. Gray Davis' administration announced the sacking of five consultants for owning stock in Calpine Corp. and other energy producers, it turns out that the man who does the governor's announcing is a shareholder of Calpine and Enron Corp.

Steve Maviglio, the governor's spokesman, acknowledged yesterday that he had purchased 300 shares of Calpine on June 20, after instructing his broker on May 31 to buy the stock if it got down to a certain price. He said he also owns 100 shares of Enron.

A week after the trade went off, Maviglio had warm praise for Calpine, telling reporters that the company has "made a clear commitment to invest in California." Contrasting Calpine with other power producers, he added "Their pricing has been far more reasonable than any other generator."

Maviglio's comments didn't help Calpine's stock. At the time he placed his order, it was trading at around $45, and subsequently dropped to around $38 when the trade was made. Despite a spike earlier this month, it is still trading in the high 30s.

Five energy traders, working as consultants with the California Department of Water Resources, were terminated Friday after financial disclosure statements revealed to Davis' people that they owned stock in Calpine and other power producers a potential conflict of interest. A sixth resigned on her own.

Davis had said that people hired as consultants were exempt from requirements that such disclosures be filed, but California Secretary of State Bill Jones, a Republican who may challenge Davis in next year's election, thought differently and pressured the administration to reveal the holdings of the consultants.

Yesterday, he said Maviglio ought to be fired. "These actions are unethical, unconscionable, unacceptable, and heads should roll," Jones said in a statement.

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