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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

Newsmakers

Mark Dempsey has been named West Virginia president for American Electric Power Co. Inc., effective immediately. He succeeds Stuart Solomon, who was named AEP vice president-public policy earlier this year.

Lewis Hay III, currently president of FPL Group Inc.'s independent power production company, will succeed James Broadhead as president and chief executive of the parent company, effective immediately. Broadhead, chief executive since 1989, will remain as chairman through the end of the year.

J. Gordon Hurst, executive vice president of Vectren Corp. and president of its Utility Group has announced his retirement after 39 years with the company and its predecessors. Hurst joined Southern Indiana Gas and Electric Co. in 1966 while still a student at the University of Evansville.

Kristin M. Kamm has joined AGL Resources Inc. as chief information officer. She comes to AGL from BellSouth, where she served as CIO for consumer and interconnect services.

Clyde C. Osterholtz has been assigned by the Nuclear Regulatory Commission as senior resident inspector at the San Onofre Nuclear Generating Station, a nuclear power plant owned by Southern California Edison Co. near San Clemente, Calif. He most recently was resident inspector at the Fort Calhoun Station in Nebraska.

Scott N. Smith has joined American Electric Power Co. Inc. as vice president and chief risk officer. He will be responsible for enterprise-wide risk management, including oversight of commodity, operational, credit, interest rate and currency risk across all business units and functional areas. Smith previously was vice president of risk management for Global Consumer Bank, a divisionof Citigroup.

Glen Thomas has been confirmed as a member of the Pennsylvania Public Utility Commission by the state Senate. He will replace PUC Chairman John M. Quain, whose term expired. Thomas has served as deputy policy director in the Office of Gov. Ridge.

Mario Max Yzaguirre, who recently resigned as president of Enron de Mexico, will become a member of the Public Utility Commission of Texas, filling the vacancy left by Pat Wood III. Wood stepped down to join the Federal Energy Regulatory Commission on an appointment from President Bush.

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