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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

Power Producers Offer Low Prices in Cal Auction

LCG, Jan. 25, 2001Thirty-nine bidders offered long-term power to California at an average price of 6.9 cents per kilowatt-hour in a 27-hour auction that ended at noon yesterday. The average price was more than a cent lower than the 8 cents some experts said it would cost to generate power with today's high natural gas prices.

"This is good news," Gov. Gray Davis told a news conference where he announced the initial results. "All of us are very pleased with the preliminary results."

The $69 per megawatt-hour average was still higher that the $55 per megawatt-hour price the state was hoping for and which had been branded as unrealistic by power producers and others. But Davis seemed pleased, saying the average price "means we are on the right track."

The auction was conducted by the California Department of Water Resources, which aims to purchase power and resell it at cost to the state's two largest electric utilities, Pacific Gas & Electric Co. and Southern California Edison Co., which have been impoverished by the state's deregulation scheme which forced them to purchase power on the volatile spot market at prices many times higher than what they were allowed to charge their customers.

State officials declined to say how much power was offered or for how long. "The governor's office is reviewing the bids and then we will post the information when the review is completed," a spokesman said.

Reliant Energy Inc. said it had submitted six bids to provide up to 3,500 megawatts of firm capacity to the state, as well as up to 500 megawatts of "peaking" power which would be called upon only during periods of highest demand. But it said its bid for the 3,500 megawatts didn't conform to the water department's request for proposals.

Reliant said it would sell power on a 10-year contract for 1.6 cents per kilowatt-hour, plus the cost of natural gas to run the plants. For a 5-year contract, the price would be 2 cents. Under those contracts, it would be up to the Department of Water resources to buy the gas and resell it to Reliant, the company said.

Duke Energy Corp. said its generation subsidiary had "submitted credible bids in the process outlined by DWR."

Davis said he hoped the California legislature would authorize acceptance of the best bids within a week. That seven-day delay for evaluation was a weakness of the auction, Reliant said, because natural gas prices could change in that week.

Another restriction Reliant found onerous was a requirement that power offered must come from existing power plants, preventing bidders from including lower cost power that will become available from new generation facilities coming on line after this year.

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