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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

FERC Extends California Power Talks

LCG, Jan. 5, 2001A Federal Energy Regulatory Commission administrative law judge said yesterday that he would extend into today talks involving California utilities, independent power producers and regulators. The talks are aimed at permitting utilities to enter into long-term contracts for power they deliver to retail electricity customers.

Judge Curtis Wagner said he would convene a third day of talks today, but would not disclose what progress had been made in the first two days of discussions. "We're a lot better off than we were yesterday (Wednesday)," he said.

One of the biggest problems with the deregulated California electric market, FERC found, is a requirement that all wholesale power purchases and sales in the state must be made through the California Power Exchange. At the time the restructuring act was passed in 1996, this seemed like a good idea in that it would provide transparency to the power market.

It turned out, however, that not allowing the utilities to enter into long-term power purchases to cover their native loads resulted in them going into the last-minute "spot" market for their power needs, paying the highest prices in a volatile market.

To make matters worse, the California Independent System Operator published in advance profiles of peak demand power needs. Without the need for collusion, power producers were able to hold back on bidding power into the market until the market was desperate for power. Then they could charge just about any price they wanted.

Judge Wagner was hopeful that from today's discussions he might achieve "an agreement between parties on how to proceed."

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