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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

Northeast Ups Payout, Confident in Con Edison Suit

LCG, June 29, 2001--Northeast Utilities is in the discovery phase of its lawsuit against Consolidated Edison Inc., Chief Executive Officer Michael Morris told the company's annual meeting yesterday. Northeast filed the suit after a merger between the two companies fell apart.

The suit, filed in the Federal District Court in Manhattan, seeks $1 billion in damages from Con Edison, the parent company for New York City's electric utility. Northeast claims Con Edison weaseled out of a $7.5 billion merger agreement the companies reached in October 1999.

Morris said his company is "more convinced than ever that Con Edison sought a way to lower the price paid for Northeast Utilities or get out" of the 1999 agreement. He added "We are feeling better and better about the lawsuit."

Morris also told shareholders of company plans to spend $800-$900 million over the next five years to double its capacity to move power to Long Island and to increase southwestern Connecticut's supply of electricity.

The Northeast board also increased the company's dividend payout by 25 percent, raising the annual rate to 50 cents from 40 cents.

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