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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

Ann Curtis has been promoted to vice chairman of Calpine Corporation. Curtis, who has been in the power industry for over 20 years, founded Calpine Corporation, and led its initial public offering, the largest IPO in the independent power industry at that time.

Robert D. Kelly has been promoted to executive vice president and chief financial officer of Calpine Corporation. Kelly succeeds Ann Curtis in that role. Kelly will continue as president of Calpine Finance Company. Before joining Calpine in 1990, Kelly was marketing manager of Westinghouse Credit Corporation, starting the Energy Finance Division's Western Region.

Calpine Corporation has promoted Eric N. Pryor to the dual positions of deputy chief financial officer and chief risk officer for Calpine Corporation. Pyror joined Calpine in 1995 as a senior analyst, and was recently senior vice president of finance.

The board of the Ohio Electric Utility Institute (OEUI) announced that it has elected Greg Ficke as a director and vice chairman of OEUI, the non-profit state trade association representing investor-owned electric companies in Ohio. Fice is president of the Cincinnati Gas & Electric Company, a subsidiary of Cinergy Corp.

Jane F. Kelly has been elected assistant corporate secretary and assistant counsel for South Jersey Industries and corporate secretary for South Jersey Energy. Kelly has served as the executive director of the New Jersey Utilities Association and assistant counsel to former Governor Thomas Kean.

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