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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 Suspends Dividend, Says it's Almost Out of Cash

LCG, Jan. 11, 2001PG&E Corp. said yesterday it will not pay on Monday the 30-cent dividend declared by its board of directors in October. Its utility subsidiary Pacific Gas & Electric Co. not only will not pay its regular preferred stock dividend, it won't pay the parent company its $110 million dividend.

Nobody gets paid except the power producers and natural gas suppliers, and PG&E said it won't have enough cash to pay them in a few days.

In a filing with the Securities and Exchange Commission yesterday, PG&E Corp. said it cannot borrow more money to buy power or natural gas and called upon California Gov. Gray Davis to "use his emergency powers to permit the state to provide temporary financial assistance to meet the demands of gas suppliers."

PG&E said it may be forced to cut off electricity and natural gas deliveries to some of its 12 million customers unless it receives "immediate regulatory, legislative or judicial relief." Without that relief, the company said, it will default on its current obligations.

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