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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

Regulators Okay South Jersey Gas 19 Percent Rate Hike

LCG, Nov. 10, 2000--South Jersey Gas Co. said yesterday the New Jersey Board of Public Utilities had authorized an annual rate increase for natural gas of about 19 percent for the typical residential customer.

The company said a typical residential heating customer should expect to see a $152.29 totalannual increase, which is enough money to do something with.

The company pointed out that the increase only applies to the portion of the bill that represents the gas commodity and serves as a method to pass gas costs through to customers. South Jersey Gas said it makes no profit on the sales of the natural gas commodity itself.

" Over the last several months energy prices nationwide rose dramatically for most major fuel sources including oil and natural gas. This rate increase was necessary to recover the record wholesale natural gas costs we've already incurred and paid for on behalf of our customers. As soon as it is possible to reduce this rate we will file to do so," said Charles Biscieglia, chief executive of the gas company.

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