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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

FirstEnergy Completes Sale of Hydroelectric Power Stations with a Combined Capacity of 527 MW

LCG, February 13, 2014--FirstEnergy Corp. announced yesterday that it has completed the sale of 11 hydroelectric power stations to Harbor Hydro Holdings, LLC, a subsidiary of LS Power Equity Partners II, LP, for approximately $395 million.? The total capacity of the hydroelectric facilities is 527 MW and represents less than 3 percent of FirstEnergy's generation fleet output. The sale includes the Seneca Pumped-Storage Hydro Plant (451 MW), located in northwestern Pennsylvania.

FirstEnergy announced its interest to sell the plants in May 2013, with the intent to use the sales proceeds to reduce debt. A sales agreement with Harbor Hydro Holdings was reached in August 2013, and FirstEnergy applied for authorization from the Federal Energy Regulatory Commission (FERC) to sell the hydroelectric power stations in September 2013.

The hydroelectric power stations included in this sale are owned by FirstEnergy Generation, LLC, Allegheny Energy Supply Company, LLC and Green Valley Hydro, LLC. The sale includes the following facilities: Seneca Pumped-Storage (451 MW) in Warren, Pennsylvania; Allegheny Lock & Dam 5 (6 MW) in Schenley, Pennsylvania; Allegheny Lock & Dam 6 (7 MW) in Ford City, Pennsylvania; Lake Lynn (52 MW) in Lake Lynn, Pennsylvania; Millville (3 MW) in Millville, West Virginia; Dam 4 (2 MW) in Shepherdstown, West Virginia; Dam 5 (1.2 MW) in Falling Waters, West Virginia; Warren (750 kW) in Front Royal, Virginia; Luray (1.6 MW) in Luray, Virginia; and Shenandoah and Newport (860 kW and 1.4 MW, respectively) in Shenandoah, Virginia.

FirstEnergy subsidiary Allegheny Generating Company continues to own 1,200 MW of the 3,000 MW Bath County Pumped-Storage Hydro facility in Warm Springs, Virginia. In addition, FirstEnergy subsidiary Jersey Central Power & Light (JCP&L) continues to own 200 MW of the 400 MW Yards Creek Pumped-Storage Hydro facility in Blairstown, New Jersey.
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