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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

GPU Reaches Settlement in Pennsylvania

LCG, June 13, 2001GPU Inc. said this morning that it has reached a settlement with the Pennsylvania Office of Consumer Advocate and Citizens for Pennsylvania's Future, a consumers group, that could permit the company to resume sale of commercial paper and clear the way for its merger with First Energy Corp.

The Pennsylvania Public Utility Commission is expected to rule on the settlement tomorrow. If the commission approves the deal, GPU will be allowed to defer charges paid for electricity that are in excess of those it is allowed to charge its customers.

The accounting change will permit GPU to return to the commercial paper market, giving the company renewed access to short-term financing. Possible charges against earnings could be offset by application of some transmission and transition charge revenues against the deferred costs.

Another consumers group, Citizen Power, challenged the deal saying it was a rate increase disguised as an accounting change.

Earlier, a Pennsylvania administrative law judge had proposed a $317 million annual rate increase to pay for the power costs.

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