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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

LG&E, Powergen Get SEC Okay,Deal Should Close in a Few Days

LCG, Dec. 7, 2000--Powergen Plc of the United Kingdom received approval yesterday from the U.S. Securities and Exchange Commission for its acquisition of LG&E Energy Corp. ofLouisville, Ky.

The companies said it was the last approval needed for consummation of the merger, which is expected to close "in the next few days."

"The speed with which this transaction has been concluded is a tribute to the people at bothcompanies who have worked diligently to make this powerful combination a reality," said Roger W.Hale, LG&E Energy's chief executive. "We sincerely appreciate their efforts."

"Additionally, we'd like to thank our regulators, both in the United States and the United Kingdom, who recognized the value of this merger for the companies, their employees, their communities and theirshareholders," he added.

LG&E said that shortly after the closing its shareholders will receive letters of transmittal containing instructions for submitting their stock certificates at the agreed upon price of $24.85 a share.

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