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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: Bankruptcy Isn't Cheap

LCG, Aug. 6, 2001--Pacific Gas & Electric Co., which filed for Chapter 11 bankruptcy protection on April 6, and its parent holding company, PG&E Corp., had by the end of June spent $9 million on lawyers and other expenses connected with the bankruptcy, the Los Angeles Times reported Friday.

That is only one one-thousandth of the $9 billion in debt PG&E ran up paying high prices for wholesale electricity that the utility was required to resell to its customers at low retail rates mandated by California's failed electric deregulation scheme.

But bankruptcy experts have estimated that the total bill for armies of lawyers, accountants, investment bankers and others advising the utility, its parent company and the utility's creditors during the course of the bankruptcy proceeding could approach a half-billion dollars.

The Times noted that for the six months ended June 30, PG&E Corp. and its utility spent $25 million after taxes on professional fees and expenses related to the bankruptcy. The $16 million spent in the first quarter reflects the enormous task of preparing for the third-largest bankruptcy filing in U.S. history, the paper said.

PG&E must file a plan of reorganization showing how it will pay off its debts by December 6. PG&E Corp. and its unregulated subsidiaries are not included in the bankruptcy case.

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