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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

PG&E Asks for Court Backing on Power Costs

LCG, Nov. 9, 2000--Pacific Gas & Electric Co. said yesterday it had asked the federal district court in San Francisco for a declaration that it has the right to recover more than $3 billion in uncollected power costs.

PG&E said it was "continuing to work" with the California Public Utilities Commission and the Federal Energy Regulatory Commission to find a way out of the state's wholesale electricity market problems, but wanted court assurance that it could get back money it paid for power it was obliged to deliver to its customers.

Roger Peters, senior vice president and PG&E general counsel, summed the matter up:

"We were told to sell our power plants, ordered to buy all our power to serve our customers from the Power Exchange, ordered to accept all costs from the Independent System Operator, and ordered toallow any customer to switch back and forth between utilities and other energy service providers," Peters said.

"We do not make any 'mark-up' or profit on the cost of wholesale power. In fact, we have taken every step the state would allow to try to keep power costs down," he continued. "It may seem attractive, to some, to say that these costs now should not be included in customer rates, but it is a direct violation of law."

The company said it is also asking FERC to provide regulatory relief from the "unjust and unreasonable" power prices charged by the independent power generators, including price caps for future sales, as well as refunds of any unreasonable prices.

PG&E said it will present a rate stabilization plan in November, to take effect at the end of its temporary rate freeze, to allow collection of unrecovered electricity costs over time while also protecting its customers from price spikes.

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