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Oklo Sinks 5% After PJM Removes Meta-Backed Ohio Project From Queue

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Rising long-term Treasury yields weigh on pre-revenue reactor developers, and Oklo takes an added hit after PJM Interconnection removes its 750-megawatt, Meta-backed Ohio project from the interconnection queue. Oklo filed an emergency complaint at FERC, arguing the removal delays the project by at least 14 months and increases costs, and it asks for restoration of its queue position. PJM plans to respond by Friday; Meta agreed in January to back the campus.

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