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Wärtsilä to Supply the Engineering and Equipment to East Kentucky Power Cooperative for 217-MW Power Plant

LCG, August 27, 2025--Wärtsilä Energy announced yesterday an agreement with East Kentucky Power Cooperative (EKPC) to supply the engineering and equipment for a 217-MW power plant to be constructed in Liberty, Kentucky. The Wärtsilä equipment is scheduled for delivery in mid-2027, and the plant is expected to be commissioned in early 2028.

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TerraPower, Utah's Office of Energy Development, and Flagship Companies Sign MOU to Identify Sites for Advanced Nuclear Reactors

LCG, August 25, 2025--The Utah Office of Energy Development (OED), TerraPower and Flagship Companies announced today the signing of a Memorandum of Understanding (MOU) to explore the potential siting of a Natrium® nuclear reactor and energy storage plant in Utah. The MOU establishes a shared commitment to support advanced nuclear technologies to build Utah’s energy future and to prioritize reliability, economic growth and energy abundance.

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Industry News

SEC Approves Northern States-New Century Combo

LCG, Aug. 18, 2000--The U.S. Securities and Exchange Commission yesterday placed its imprimatur on the merger of Northern States Power Co. and New Century Energies of Denver, Colo., bringing to near-completion yet another combination of major energy utilities.

The SEC approval leaves only paperwork to be done before closing the transaction, which will create a new company named Xcel Energy Inc. Xcel will be headquartered in Minneapolis, Minn., but New Century, the former Public Service Co. of Colorado, will continue to have offices in Denver.

Xcel will be a holding company, serving through operating subsidiaries more than 3 million electricity customers and 1.5 natural gas customers in 12 states. A subsidiary of New Century will add about 2 million customers in the United Kingdom.

Wayne Brunetti, chairman and chief executive of New Century, will be president and chief executive of the new company and has already moved to Minneapolis from Denver. Jim Howard, Northern States chairman, president and chief executive, will be chairman of Xcel for a year before retiring, at which time Brunetti will assume that role as well.

Under terms of the transaction, Northern States stock will become Xcel stock, share-for-share, with no exchange of stock necessary. New Century shareholders will receive 1.55 shares of Xcel stock for each share of New Century they own.

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