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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

FERC Expands Capacity Market Payments to Generators in New York

LCG, May 22, 2003-The Federal Energy Regulatory Commission has changed its policy on payments to electricity generating companies in New York state.

New York's capacity market requires that utilities pay power plant owners for keeping their generators working and available. Utilities in New York have to secure 118 percent of expected peak electricity demand. Until Wednesday, generators reserving this demand were paid according to the FERC regulation.

Starting yesterday, generators reserving electricity over the minimum 118 percent requirement will also receive payments. FERC decided to change its policy as the Commission found it will give "better price signals to investors for the construction of new generation, encourage the formation of long-term bilateral transactions and reduce incentives to withhold capacity," according to the FERC order.

Utilities not meeting the 118 percent requirement were charged $250 per kilowatt-hour for electricity, according to a deficiency charge.

The New York Independent System Operator will still assess secured capacity each month by requiring utilities to state how much capacity they have reserved for the coming month. However, those utilities who have not secured enough power will have the opportunity to purchase capacity as generators will be able to bid in available capacity.

Capacity payments will change according to power availability, and payments will reach $0 at the point when overall available capacity is over 130 percent of peak demand.

The current changes will be applicable for 3 years. FERC is positive the new capacity payments will stabilize power prices, although several utilities have come out against the changes.

The New York Independent System Operator will file annual capacity market reports in order that FERC will better assess the changes and prevent any possible withholding of capacity.

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