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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's Skilling Had No Idea Collapse was Coming

LCG, Dec. 26, 2001--Jeff Skilling, the architect of Enron Corp.'s light-on-assets, heavy-on-paper trading strategy, said he had no idea he was leaving a company on the brink of failure when he abruptly quit as chief executive in August, after just six months in the top slot.

Skilling appeared Friday at the Washington D.C. offices of his lawyers, O'Melbeny & Myer, where he was interviewed by representatives of the Houston Chronicle, The New York Times and The Wall Street Journal.

Two months after Skilling left the company, Enron reported massive losses in its third quarter results, beginning one of the fastest nosedives in U.S. corporate history. Skilling said he offered to return without pay to help the company fight the spin-out but the idea was dropped because "the press might not understand and it would add to the confusion."

Skilling said he was stunned by Enron's collapse. "The last two months have been the worst two months of my life," he added.

"We're all trying to figure out what happened," Skilling said. "This is a tragedy. I had no idea the company was in anything but excellent shape."

Skilling said he was completely unaware that Chief Financial Officer Andrew Fastow had an equity stake in certain partnerships with which the company kept a half-billion dollars in debt off its balance sheet. Skilling said the partnerships, which were Fastow's idea, were created to cut down on risk for Enron and its shareholders and not to hide debt or manipulate earnings.

Skilling spoke earlier with SEC investigators, and has talked to staff members of the House Energy and Commerce Committee on Thursday. He declined to elaborate on those conversations.

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