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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

PNM Says Kansas Demands Could Scotch Western Resources Deal

LCG, July 27, 2001--Demands by the Kansas Corporation Commission for rate cuts could scotch plans by Public Service Co. of New Mexico to acquire two utilities from Western Resources Inc., the companies said yesterday.

Last year, PNM agreed to pay $1.5 billion in an all-stock deal to purchase two regulated utility operations of Western Resources, Kansas Power & Light Co. and Kansas Gas & Electric Co. The two utilities serve more than 630,000 customers in the Sunflower State.

Though Western Resources had asked Kansas regulators for a $150 million rate increase, the KCC voted instead to raise those rates by $22 million.

Also, last Friday, the KCC found that Western Resources' plan to restructure by splitting off its regulated utility business from its unregulated businesses would harm its electric operations.

David Wittig, chief executive of Western Resources, was hopeful. "We believe that we understand the KCC's concerns with the current transaction and are hopeful that we can reach agreement with PNM on alternative terms that will permit the transaction to move forward and provide the benefits that we believe the combination will bring to our customers and shareholders," he said.

But Jeff Sterba, his counterpart at PNM was less so. "PNM doesn't believe that the split-off and other transactions envisioned in our merger agreement with Western Resources can be accomplished on the agreed terms if the KCC's orders remain in effect," he fretted.

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