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RWE Commissions the 200-MW Stoneridge Solar Project in Texas

LCG, November 26, 2025--RWE announced today the commissioning of the Stoneridge Solar project, located in Milam County, Texas. The project capacity is 200 MW of solar power, plus a battery energy storage system (BESS) that provides 100 MW (200 MWh) of battery storage capacity. The BESS improves the supply of short-term, reliable, affordable electricity in ERCOT.

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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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Industry News

Creditors See SoCal Ed Bankruptcy Sure and Soon

LCG, Sept. 21, 2001--A spokesman for a committee of Southern California Edison Co. creditors said yesterday that involuntary bankruptcy for the insolvent utility was not only a sure thing but would likely occur soon.

"To me it's not a matter of if bankruptcy is going to occur, it's a matter of when," said Brett Barbre, a spokesman for a committee of SoCal Ed's unpaid creditors and those of parent holding company Edison International Inc. "We believe a bankruptcy is imminent, and it will be involuntary."

Two large independent power producers -- companies that purchased power plants from California's investor-owned utilities under a divestiture mandate contained in the state's electric restructuring law -- are known to be seeking a third creditor to join them in a court petition that would force SoCal Ed into involuntary bankruptcy.

Mirant Corp. of Atlanta and Houston-based Reliant Energy Inc. have approached the City of Long Beach and other creditors to join them in the suit. Close to a dozen creditors are ready to join the petition, observers said, as they have reached the limit of their forbearance waiting for California bureaucrats and lawmakers to cobble together a "rescue" package for the beleaguered utility.

When the state legislature adjourned for the year last Saturday without passing a measure to restore SoCal Ed to solvency, creditors began losing hope. California Gov. Gray Davis said he would call the lawmakers back to Sacramento for a special session to deal with the rescue package, but comments by a leading state senator seemed to indicate such a move would be futile.

John Burton, a San Francisco Democrat who is president pro tem of the state Senate, said on learning of the governor's intention to call a special session, said "We should have buried this baby once and for all."

Edison International's chief financial officer, Ted Craver, said earlier this week that the company would "vigorously oppose" involuntary bankruptcy for SoCal Ed. Yesterday, the company's vice president for external affairs, Brian Bennett, said he was hopeful that the creditors would "continue to forbear through the special session."

Bennett added "If they've waited this long, it's a little perplexing why they can't wait another two weeks."

The creditors committee's Barbre noted that Pacific Gas & Electric Co., the state's largest utility, was still in business even though it chose voluntary bankruptcy under Chapter 11 of the federal bankruptcy law in April. "People are looking around at the situation involving PG&E, and they're doing just fine in bankruptcy," he said. "They are on the road to becoming creditworthy once again, while Edison is still floundering."

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