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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

Philly Gas Works Proposes 20 Percent Rate Cut

LCG, Aug. 17, 2001--The Philadelphia Gas Works yesterday filed a proposal with the Pennsylvania Public Utility Commission that would reduce rates to its more than 520,000 residential, commercial and industrial customers by as much as $171 million, or 20 percent.

Natural gas prices have been dropping after reaching all-time highs during the past winter, and the Philly Gas Works wants to share the savings with its customers, without being told to do so.

"We're delighted that we were able to come to this agreement that enables PGW to return thesesavings to our customers as soon as possible," said Craig White, a senior vice president and the municipal utility's interim chief operating officer.

The Philly Gas Works uses the word "interim" a lot in its job titles.

The rate proposal calls for two cuts that would total 20 percent. On September 1, a 16 percent, or $135 million cut in the so-called "gas cost rate" would result in a $19 per month savings on the typical residential home heating customer's bill. Then on December 1, an additional $6 per month reduction amounting to $36 million is anticipated.

White says the proposal also sets up rules for the Philly Gas Works to continually review and update natural gas prices for the remainder of the year. "We're watching natural gas costs very carefully and if their downward trend continues we'll be able to reflect those reductions in our rates," he said.

Somehow, the Philly Gas Works has been providing natural gas service to the City of Brotherly Love for more than 165 years.

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