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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

Electricity Rate Hikes Hit Rhode Island Consumers

LCG, March 27, 2001Rhode island was the first state in the nation to embrace electric deregulation and now some of its citizens are wondering if it was such a good idea, according to this morning's edition of the Providence Journal.

During a Rhode Island Public Utilities Commission hearing yesterday on a request by Narragansett Electric Co. for a 3 percent rate increase, consumers who testified were unable to forget four other rate increases in the past year that have caused electric bills to rise 30 percent.

"Do you realize how much you are hurting me and people like me?" Josephine Drake asked officials from Narragansett Electric. "My God, when is this going to end?"

Kate Racine, a member of the PUC, said the commission will decide Thursday whether to grant the rate increase but said it would likely be allowed because it is a fuel adjustment increase and the PUC has no choice. "It's a most difficult this to sit here and know how this impacts people's lives," she said.

It was impacting the life of Margaret Rogers, who testified that she was glad all the rate increases came in little bites. "But you're killing us just the same," she said. "It's getting harder and harder."

Ronal Gerwatowski, Narragansett's attorney, said "It's not easy for to come here and ask to increase our customers ' bills." He said the utility can no longer control prices, having sold its power plants. He said spot market prices for electricity this summer are already 11 cents a kilowatt-hour, compared with the 6.3 cents a kilowatt-hour under the proposed rate increase. The current rate is 5.9 cents a kilowatt-hour.

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