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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

State High Court Clears PSE&G Securitization Bonds

LCG, Dec. 7, 2000--The New Jersey Supreme Court said yesterday it has affirmed an appellate court decision upholding the New Jersey Board of Public Utilities restructuring and securitization orders for Public Service Electric & Gas Co.

The action allows PSE&G to move ahead with its sale of $2.5 billion in stranded cost bonds.

James Ferland, chairman and chief executive of parent holding company PSEG Service Enterprise Group, said "Putting the uncertainty of the judicial appeals behind us will allow us to take the necessary steps to increase our competitiveness in the US energy markets."

The company said the ruling by the high court will also enable it to put into effect an additional 2 percent rate reduction for all PSE&G electric customers, based on the savings achieved through the securitization process. This is in addition to the 5% reduction that became effective August 1, 1999.

The court action also allows the parent company to sell debt securities to finance its unregulated power generation and trading company, PSEG Power LLC.

Al Koeppe, president and chief operating officer of PSE&G, said "As a result of this decision and the restructuring that will take place at PSEG, PSE&G will now focus on what we have done well for more than 100 years, delivering gas and electricity reliably and safely to our New Jersey customers."

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