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RWE Commissions the 200-MW Stoneridge Solar Project in Texas

LCG, November 26, 2025--RWE announced today the commissioning of the Stoneridge Solar project, located in Milam County, Texas. The project capacity is 200 MW of solar power, plus a battery energy storage system (BESS) that provides 100 MW (200 MWh) of battery storage capacity. The BESS improves the supply of short-term, reliable, affordable electricity in ERCOT.

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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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Industry News

California Power Purchase Bonds Closer to Reality

LCG, Feb. 1, 2002-The California Public Utility Commission appears ready to issue a plan for the state to issue $12.5 billion of revenue bonds to repay California for purchases of electricity made on behalf of investor-owned utilities.

A vote on by the full PUC on the proposal is expected by Feb. 21. The major issue surrounding such bonds concerns how much of the revenue from ratepayers' electricity purchases would go to the Department of Water Resources, which made purchases of power beginning last year, and how much would be used to repay bondholders. Despite some opposition from consumer groups to the prices at which power has been purchased, a draft "rate agreement" was welcomed by Gov. Davis, who called it "a significant step in the right direction to get energy bonds sold."

State Treasurer Phil Angelides' office had no comment yesterday, but said in a statement that passage of a bond measure would involve numerous hurdles. Angelides had been disappointed in October of last year when Loretta Lynch, head of the PUC, would not approve a rate agreement in October because she considered the long-term contracts with suppliers to be too expensive.

The revised plan calls for "best efforts" by the DWR to gain better terms for the long-term purchases. Nettie Hoge, of the Utility Reform Network, said the plan "takes all these overcharges and gives them phony names. Nobody is going to be able to understand anything about what the bill means."

PUC commissioner Richard Bilas noted that although the new plan is a step away from the PUC's earlier position, "we're getting precariously close to the point where if we don't issue bonds pretty soon the state's going to be in very serious trouble."
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