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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

California Lawmakers to AskReliant be Held in Contempt

LCG, July 19, 2001The California Senate Select Committee to Investigate Market Manipulation voted 6-0 yesterday to ask the full Senate to cite Reliant Energy Inc. for contempt after the energy company failed to provide confidential documents.

Reliant thus joins Enron Corp. in facing the state Senate's first contempt citations since 1929.

State Sen. Joe Dunn, the Democrat chairman of the panel investigating possible wrongdoing by independent power producers during California's energy crisis, said his committee would now begin preparing a full report on its charges against Reliant. He added that the committee's report on Enron could be submitted as early as today.

"We have been discussing this with them virtually every single day, and they are not in complianceyet," Dunn said of Reliant. "Twenty-four hours ago I was cautiously optimistic about them, I am nowback to pessimistic."

Reliant said it had offered to submit around 10,000 documents but Larry Drivon, special counsel with the select committee, said Reliant's offer represented a good deal less than what some other firms have offered, and most skirted the issues the committee is interested in.

"What we've gotten this time is both insignificant and largely irrelevant," Drivon said.

Also yesterday, the select committee voted not to proceed at this time against some other energy companies, pending a review of their compliance.

As for Enron, the company has filed suit in Sacramento Superior Court challenging the committee's authority to subpoena documents. Enron has argued that the papers are in Texas, well out of the California state Senate's jurisdiction. Enron also says the state Senate lacks jurisdiction over wholesale electricity prices, which are regulated by the Federal Energy Regulatory Commission.

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