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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

PG&E Customers' Rates to Drop

LCG, Feb. 27, 2004--The California Public Utilities Commission voted yesterday to allow rate decreases for the first time since the state's energy crisis prompted steep rate hikes.

The amounts of the decreases for different customer classes were effectively determined with formulae before the vote, during talks concerning PG&E's bankruptcy reorganization plan. The effects will be felt by most customers by April, based on their electricity usage in March. The reduction for the typical residential customer will be 4 percent, while larger businesses could see 15 percent reductions. Rates charged to industrial customers were previously raised more than rates for residential users after price spikes in the wholesale market caused the state to begin buying power on behalf of the state's major utilities.

Commission president Michael Peevey, as well as Commissioners Susan Kennedy and Geoffrey Brown, voted for the reduction, while Carl Wood and Loretta Lynch opposed the decision. Wood and Lynch said that had the vote been postponed, it could have resulted in greater savings for PG&E customers, and possibly larger rate reductions for residential customers.

Part of the reductions being approved are possible because rates collected by PG&E last year exceeded the utility's immediate revenue requirements to provide service. Part of the excess was used to pay down debt when bankruptcy talks resulted in agreement on using the rates for that purpose.

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