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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

New Jersey Utilities Apply for Rate Increases

LCG, September 17, 2002--Utilities in New Jersey which have been required to keep charges to customers under rate caps, want to recover costs they have incurred in supplying power.

The state's Board of Public Utilities has required audits of $1 billion in expenses at four utilities, including Conectiv, Jersey Central Power & Light, Public Service Electric and Gas, and Orange and Rockland Utilities. The audits are being conducted by Mitchell & Titus LLP, and Larkin & Associates.

New Jersey's electricity market has been in a transitional mode, which is scheduled to end Aug. 1, 2003. Since retail rate caps were in effect while the utilities had to pay higher prices for gas last year, utilities were allowed to securitize unreimbursed expenses two weeks ago under a new law. In effect, bonds can be issued which will effectively speed the recovery of costs.

Retail caps in the state were not simply set based on the historical rates, but were mandated to be lower. The current audits may lead to retail rates returning to their historical levels, if not going higher.
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