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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

Two SoCal Ed Bills ClearCalifornia Assembly Panel

LCG, July 19, 2001The California state Assembly Energy Cost and Availability Committee came to a fork in the road last night and took both routes, voting in favor of two widely divergent measures aimed at providing cash to nearly-bankrupt Southern California Edison Co.

The panel voted 11-9 in favor of a bill that would pay SoCal Ed $2.4 billion for its transmission assets. The measure also relies on power producers to reduce their claims against the utility for unpaid bills by 30 percent.

Critics of the bill complain that it is too complicated and say it might be better to let SoCal Ed join Pacific Gas & Electric Co. in bankruptcy court. But proponents counter that keeping the utility out of bankruptcy is crucial to getting the state out of the power purchasing business.

Democrat Assemblyman Fred Keeley of Boulder Creek conceded the measure was complicated but said lawmakers sometimes have to deal with messy situations. "If this was easy, or if this was simple, we wouldn't call it a crisis," he said before the vote. "This is far beyond a problem or a policy that we can debate and as a consequence the solutions are neither simple or easy."

Late last night, the Assembly Appropriations Committee approved the bill 12 to 6, and it could come to a floor vote as early as today.

A second bill that cleared the Assembly committee by a 12-3 vote was described by its author, Los Angeles Democrat Rod Wright, as a "straight bailout." The state would back a $3.5 billion SoCal Ed bond issue and be repaid through a $2 per month charge on customer bills.

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