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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

Enron Crash Cost Workers Their Life Savings

LCG, Dec. 19, 2001--Two longtime employees of Enron Corp. subsidiary Portland General Electric Co. testified yesterday before the U.S. Senate Commerce, Science and Transportation Committee, saying that their life savings had been wiped out by the collapse of the energy giant.

Bob Vigil and Don Eri are among the nearly 1,000 members of International Brotherhood of Electrical Workers Local 125 who are victims of Enron's November bankruptcy, the union said.

"Little did those of us working hard every day to make the company successful know what was going on at the top of Enron," said Bob Vigil, an electrical machinist working foreman, in prepared testimony. "We trusted management's glowing reports of strong financial growth and opportunity. Then in October, Enron's house of mirrors came crashing down."

Vigil and Eri told the hearing chaired by Sen. Byron Doran, a North Dakota Democrat, that Enron prevented the workers from protecting themselves, even after the company's nosedive became apparent.

On the same day the federal Securities and Exchange Commission launched an investigation, employee investment accounts were frozen, leaving workers to watch the company stock value plunge to penny stock status, the union said

"It's unconscionable that hard-working, dedicated workers were forced to sacrifice their life savings to prop up a failing company," said IBEW President Edwin D. Hill. "Those who ran the company into the ground certainly aren't wiped out financially -- just the workers who made their success possible."

And, it should be noted, shareholders, bondholders, creditors, trading partners and others.

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