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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

PG&E Asks California High Court to OverturnCPUC Decision on Funding for Water Agency

LCG, Sept. 11, 2001--Pacific Gas & Electric Co. has asked the California Supreme Court to overturn the California Public Utilities Commission's March 27, 2001 decision requiring the utility to pay the Department of Water Resources 9.471 cents per kWh on an interim basis prior to the implementation of DWR's revenue requirement.

PG&E had asked the CPUC for a rehearing of its decision on April 30 and the regulators denied the request on August 8.

In its Court filing the company argued, "In order to ensure that the recovery of DWR's power costs is fair and equitable to both electricity consumers and the state's electric utilities, (the law) establishes two mechanisms, and two mechanisms only, for DWR to obtain funds from consumers and the utilities to pay for its power purchases."

The first of the two must take into account the portion of the utilities' existing rates needed to cover their own costs of service, PG&E said, and the second is the DWR's "revenue requirement," which must be submitted to the CPUC and which is recoverable in customers' bills only if it has been determined to be 'just and reasonable' under the Public Utilities Code.

The company thinks being required to pay $94.71 per megawatt-hour when the market currently prices power closer to $35 per megawatt-hour is neither just nor reasonable.

In its filing, PG&E said "The CPUC has exceeded the scope of its authority, failed to proceed in the manner prescribed by (the law), and abused its discretion, and therefore this Court should grant review of and annul the DWR Decisions."

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