EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Enron Shares Slide Below $10

LCG, Nov. 7, 2001--Shares in Enron Corp., once the darling of Wall Street, slid below $10 for the first time in ten years yesterday as the huge energy company struggled to shore up its balance sheet and calm the nerves of investors shaken by what appear to be shady business deals.

Enron stock closed down $1.50 yesterday on the New York Stock Exchange, a drop of 13.4 percent. The closing price of $9.67 is the lowest since May 1992, and that's when Enron was HNG/Internorth Inc.

The company has been unable -- or unwilling -- to explain how off-the-balance-sheet transactions could reach both the income statement and the balance sheet. The deals resulted in a $1 billion charge against earnings and a write-down of $1.2 billion in shareholder equity.

Those transactions, made with partnerships headed by Andrew Fastow, who was at the same time chief financial officer of Enron, are the target of an investigation by the U.S. Securities and Exchange Commission.

Fastow was placed on unpaid leave of absence in late October and replaced as chief financial officer. But it was an earlier departure that first raised eyebrows.

In August, Jeff Skilling, heir apparent to Chairman Kenneth Lay, abruptly resigned as chief executive saying only that he wanted a change of lifestyle. He may have envisioned at the time the lifestyle now being suffered by lay, who resumed the role of chief executive -- a lifestyle that includes answering embarrassing questions posed by federal investigators and reporters.

Industry observers feel that Enron isn't coming clean. "Senior people (are) making pronouncements without fully understanding the nature of what they're talking about and that in turn gives the impression that they're hiding something," said one.

Still, last year Enron earned $1.4 billion on revenues of $100 billion. Behind the perceived obfuscation lurks a pretty good company.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service