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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's Interim Chief Executive Gets To Work

LCG, Jan. 30, 2002--The creditors committee taking part in Enron's bankruptcy proceedings and the company's board yesterday signaled their agreement that Stephen F. Cooper is best prepared to manage and improve Enron's troubled state.

Cooper was named by the board because of his prior experience with bankruptcies at Federated Department Stores and Trans World Airlines. He is a managing partner with a firm, Zolfo Cooper, that advises ailing companies. The board also named Jeffrey McMahon chief operating officer. McMahon was described by Sherron Watkins, who expressed serious concerns about Enron's accounting practices to former chairman Ken Lay, as an executive who was openly bothered by the company's conflicts of interest.

A statement issued by Cooper said, "our focus is on the future of Enron. Enron has real businesses with real value. We will work closely with the board of directors, management and the creditors committee to develop a reorganization plan to maximize value for the company's stakeholders."

It is not known whether Enron will be able to continue as a viable business that retains its operating units. Nonetheless, Sandra E. Mayerson, who is representing members of the creditors committee, told the New York Times, "he's a person who can get in there and see where the bodies are buried and see what things are need to calm the waters."
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