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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

Texas Cities Flock to Franchise Fee Suit Against TXU

LCG, Oct. 26, 2000--Lawyers for the city of Denton, Texas, which is suing TXU Electric & Gas Co. over alleged underpayment of franchise fees, said yesterday that 22 other cities in TXU's service area have joined in the suit and more are expected.

Franchise fees are what cities charge utilities for the right to tear up streets for pipelines and cables and to erect poles and string wires. They are a sort of rental charged for the use of public property. The franchise fees are based, in this case at least, on the utility's gross revenues from customers served.

The Denton lawsuit says the utility intentionally underpaid the city its franchise fees by not reporting its gross revenues. Denton's lawyers did not say what the company did report, but said the city claims TXU owes more than $1.17 million and the figure could turn out to be much higher. The total underpayment for all of the 22 cities could be more than $240 million, the lawyers said.

On top of that, if TXU intentionally underpaid the fees, Denton and the other cities would be entitled to punitive damages.

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