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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

U.S. Supreme Court Will Not Hear CA Contract Case

LCG, June 3, 2002-California lost its appeal over seized electricity contracts on Monday.

California governor Gray Davis California seized Power Exchange (CalPX) forward contracts during the California electricity crisis. A San Francisco lower court ruled that Davis could not seize the contracts, and the U.S. Supreme Court denied his appeal without providing comment.

Governor Davis took control of contracts made during the crisis on behalf of electricity consumers who faced blackouts. Duke Energy Corporation sued Davis last year, saying that the contracts were seized illegally. The 9th U.S. Circuit Court of Appeals ruled 2-1 in favor of Duke in Davis v. Duke Energy Trading and Marketing.

The governor argued that the seizure was acceptable under California's sovereign immunity, whereas Duke Energy argued that it was a violation of the Constitution's Supremacy Clause.

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