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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

Federal Court May Decide California Electric Rates

LCG, Feb. 12, 2001Even as California Gov. Gray Davis and the state legislature wrestle with what they regard as a "bailout" for the state's nearly bankrupt electric utilities, a federal judge in Los Angeles could decided how much consumers have to pay for power they have already used.

Since whole sale power prices began exceeding in May of last year what the utilities could charge their retail customers, the two largest California utilities, Pacific Gas & Electric Co. and Southern California Edison Co., have gone into a financial hole exceeding $12 billion bailing out ratepayers.

SoCal Edison sued the California Public Utilities Commission in the U.S. District Court for Los Angeles last November after the regulators had repeatedly refused to lift a the rate freeze that prevented the company from charging the true cost of power. A similar suit by PG&E was recently transferred to the L.S. court and the two are expected to be consolidated.

The SoCal Edison case is on the court's docket for today, and it is difficult not to recall the words of William Massey, a member of the Federal Energy Regulatory Commission, who on December 15 said "Some day soon a federal court, when asked, will declare that utilities are entitled to recover these high wholesale costs from their customers."

But in Sacramento, the governor and lawmaker are still trying to find a way out for the utilities that won't burden, and hence upset, consumers who are also taxpayers and voters.

The utilities have agreed to take part in state Senate hearings this week. "We have reached agreement with the utilities on a timetable to resolve this issue," Davis said. "They've agreed to participate in hearings dealing with their finances."

Pending the outcome of the hearings, state Attorney General Bill Lockyer has asked the Los Angeles court to delay any decision in the utilities' suit against the CPUC.

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