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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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NERC's New Winter Reliability Assessment Raises Concerns for Elevated Risk of Insufficient Supplies to Meet Demand in Extreme Operating Conditions

LCG, November 19, 2025--NERC yesterday released its 2025–2026 Winter Reliability Assessment (WRA), which concludes "much of North America is again at an elevated risk of having insufficient energy supplies to meet demand in extreme operating conditions." The WRA does state that resources are adequate for normal winter peak demand, but extended, wide-area cold snaps will be challenging.

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Industry News

Newsmakers

Beverly J. Burke has been appointed vice president and general counsel of WGL Holdings Inc., effective July 1. She will replace John K. Keane, Jr., who has announced that he will retire from the company effective December 31. WGL Holdings is parent company for Washington Gas Light Co., the local natural gas utility serving the nation's capital.

Moray Dewhurst has been elected chief financial officer of FPL Group Inc. and will assume his new position in mid-July. He most recently was a senior partner and director of Dean & Co., a management consulting and investment firm that he co-founded in 1993.

John Reese has been promoted to vice president for government relations by Orion Power Holdings Inc. Since joining the company last year, he has served as director of government relations for New York, working on regulatory, legislative and wholesale market issues.

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