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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

Newsmakers

Terry Bassham has been named chief financial officer of El Paso Electric Co., replacing Gary Hedrick, who was named chief executive last week. Bassham most recently was executive vice president and general counsel. He will continue to serve as interim general counsel.

Raymond M. Bowen Jr. has been elected executive vice president for finance and treasurer of Enron Corp. He had been chief operating officer of Enron Industrial Markets and from 1998 to 1999, was treasurer of Enron Capital & Trade Resources.

John Ellegood a product of the U.S. Nuclear Navy, has been assigned by the Nuclear Regulatory Commission as the agency's resident inspector at the Perry Nuclear Power Plant in Ohio. He replaces Renee Vogt-Lowell who had been the Resident Inspector at Perry since August 1999.

Frank Frankowski has been appointed chief financial officer and vice president for finance by Peco Energy Co.. He most recently was controller for Peco.

Ira D. Hall, former treasurer of Texaco Inc., has been elected to the board of directors of The Williams Cos., bringing the total number of Williams board members to 15.

Clyde T. Turner, chief executive officer of the Mandalay Resorts Group from 1995 to 1998, has been elected to fill a vacant position on the board of Sierra Pacific Resources Corp. parent company for two Nevada utilities. His term begins immediately and he will stand for re-election by the shareholders at the company's annual meeting next spring.

Kathleen M. Walters has been named vice president for information technology by Exelon Energy Delivery, the parent company for Peco Energy Co. She moves up from the same position with Peco.

Britton White Jr. will retire as executive vice president and general counsel of El Paso Corp. effective December 31, 2001. He will be replaced by Peggy A. Heeg, who has served as senior vice president and deputy general counsel responsible for managing legal activities for many of ElPaso's business units.

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