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RWE Commissions the 200-MW Stoneridge Solar Project in Texas

LCG, November 26, 2025--RWE announced today the commissioning of the Stoneridge Solar project, located in Milam County, Texas. The project capacity is 200 MW of solar power, plus a battery energy storage system (BESS) that provides 100 MW (200 MWh) of battery storage capacity. The BESS improves the supply of short-term, reliable, affordable electricity in ERCOT.

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Oklo and Siemens Energy Sign Agreement to Accelerate Power Conversion System for New SMR in Idaho

LCG, November 19, 2025--Oklo Inc. and Siemens Energy announced today that the parties have signed a binding contract for the design and delivery of the power conversion system for Oklo’s Aurora-INL (Idaho National Laboratory) nuclear small modular reactor (SMR). The agreement authorizes Siemens Energy to begin engineering and design work to expedite procurement of long-lead components and to initiate the manufacturing process for the power conversion system. Oklo’s expertise in advanced fission technology will be combined with Siemens Energy’s extensive industry experience with steam turbine and generator systems, with the ultimate goal of generating carbon-free, reliable electricity.

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Industry News

Shareholders Approve CP&L Acquisition of Florida Progress

LCG, Aug. 17,2000--Shareholders of CP&L Energy Inc. yesterday approved the pending acquisition of Florida Progress Corp., with 98 percent of those casting ballots favoring the merger. FPC shareholders followed suit this morning with a 96 percent vote in favor.

The combination will create one of the 10 largest generators of electricity in the U.S., with total capacity of more than 19,000 megawatts. The new company will also be one of the top utilities in the U.S. Southeast, with more than 2.8 million customers.

CP&L Energy is parent holding company for Carolina Power & Light Co. which serves about 1.2 million electricity customers in the Carolinas, and FPC is that of Florida Power Corp., which has some 1.4 million customers in its state.

" Once this acquisition closes, we will have size, capacity, assets and a customer base to put CP&L in a position to effectively compete in any business environment," said William Cavanaugh, chairman, president and chief executive.

" We intend to strengthen those customer relationships and utilize our generation assets to go after a larger share of the region's fast-growing wholesale energy market," he promised.

Cavanaugh will continue in his positions following completion of the transaction. The company will continue to be called CP&L Energy until a new name is thought up.

The acquisition still must be approved by the North Carolina Utilities Commission and the Securities and Exchange Commission.

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