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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

PG&E Consultant Fees Increase

LCG, March 20, 2002-PG&E filed papers in U.S. Bankruptcy Court saying its previous estimated costs were incorrect and much too low.

Records show that PG&E withdrew $32 million to pay consultants last year, sometimes at rates over $600 an hour.

However, the recently submitted court document shows that projected fees for creditors are between $120 and $150 million, more than four times what the utility says it has spent in its bankruptcy case so far.

This money will go to professionals hired by parent company PGE Corporation, which has yet to submit its expenses to the court and previously refused to do so.

The Utility has received intense criticism from many in the industry for its fees to lawyers and accountants.

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