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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

FERC Would Use Incentives to Encourage RTO Membership

LCG, Jan. 15, 2002--The Federal Energy Regulatory Commission has given its support to a staff proposal that aims to bring transmission assets owned by utilities under regional transmission organizations through increased rate of return incentives.

The proposal will be submitted for public comment over a 45-day period, and would permit public utilities to gain federal approval for up to an additional 2 per cent in rate of return on equity. Utilities could earn up to 50 basis points of additional return on equity for transmission investments based on their joining a regional transmission organization; 150 basis points for divested transmission assets; and 100 basis points for expansion of transmission assets. While the incentives for joining an RTO would last through 2012, the incentive for divesting transmission assets would be offered through 2022.

FERC's aim with the set of incentives is to allow greater access by independent power producers with no transmission assets. Utilities would not receive direct benefit from the incentive for divested assets; rather, they would see more profitable asset sales, which would likely be at a higher price because of the incentive. Ultimately, FERC would like dispatching of generation to be the responsibility of actors other than their owners.
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