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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

Bankruptcy Court Tentatively Approves PG&E Utility Disclosure

LCG, July 31, 2003Yesterday a federal bankruptcy judge conditionally approved Pacific Gas & Electric utilitys most recent disclosure regarding its reorganization plan.

Pacific Gas & Electric Company, a subsidiary of the PG&E Corporation, filed for bankruptcy protection in April of 2001. The company could not match the high cost of wholesale power with controlled retail prices.

Since that time, the court, creditors and the California Public Utilities Commission (PUC) have endeavored to come up with a reasonable reorganization plan for the utility. Pacific Gas & Electric wanted to split its assets into several companies, most of which would fall outside of Californias control. The PUC believed that the utility should stay in-state while emerging from court protection.

California regulators and the utility came to an agreement last month over the companys reorganization, and now the court has conditionally approved the most recent disclosure statement describing the plan.

The conditional approval is expected to be finalized this week as language in the disclosure needs minor additions, according to Pacific Gas & Electric spokesperson Ron Low.

After approval, the plan will be sent to the utilitys creditors for a vote, conducted between August 15 and September 29.

According to the latest version of the possible reorganization, the utility will meet its obligations by using money from retail electricity rates and by doing without dividends.

Regulators, the PG&E Corporation, and the utility will all have to approve the plan before it can be made official. Public hearings will be held prior to the PUCs approval, and approval has to come before the end of the year for the settlement to remain viable.

The utility has roughly $12 billion of debt, $3 billion of which it has already made in profit since April 2001 because its retail rates are higher than current wholesale prices.

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