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RWE Commissions the 200-MW Stoneridge Solar Project in Texas

LCG, November 26, 2025--RWE announced today the commissioning of the Stoneridge Solar project, located in Milam County, Texas. The project capacity is 200 MW of solar power, plus a battery energy storage system (BESS) that provides 100 MW (200 MWh) of battery storage capacity. The BESS improves the supply of short-term, reliable, affordable electricity in ERCOT.

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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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Industry News

About Those 'Robber Barons' Stock Sales

LCG, Feb. 2, 2001 Four California utility executives sold small portions of their holdings in their companies last year, making profits of three or four dollars a share where once they had paper profits of many times that amount, and did so only after their companies had made full public disclosure of their deteriorating financial condition.

Doug Heller, consumer advocate for the Foundation for Taxpayer and Consumer Rights in Santa Monica, was quick to make a statement. "The Legislature and governor should have thought twice before handing out a bailout to these robber barons," he said.

But are the robber barons really such?

Gordon Smith, chief executive of pacific Gas & Electric Co. and Richard Clarke, a former CEO and currently a director, between them sold 32,500 shares of stock, realizing a gain of only $3.63 per share on average.

It's not as though they were bailing out. Smith still holds about 400,000 shares of stock which are now worth about half of what they were worth last August.

At Edison International Inc., parent of Southern California Edison Co., controller Tom Noonan made a whopping $4.25 per share by tapping into options on 8.300 shares. Chief information officer Mavash Yazdi sold 3,000 shared of Edison at $24.25, but the price he had paid was not available.

At the time of the stock sales, both companies had already issued warnings that skyrocketing wholesale power prices were draining their available resources.

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