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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

Northeast Utilities Demands Con Edison Merger Assurance

LCG, March 1, 2001Northeast Utilities yesterday threatened to go to court if it did not receive by tomorrow written assurance from Consolidated Edison Inc. that it would follow through on a merger agreement reached by the two utilities in October 1999.

The $3.83 billion acquisition of Northeast by Con Edison would create the largest utility in the U.S. Northeast. Most federal and state regulatory agencies have signed off on the deal, except that Connecticut regulators attached conditions Con Edison has found onerous.

Con Edison sought to soften the Connecticut stipulations but said at the same time that intransigence on the part of the regulators could endanger the merger. Instead of getting a better deal, the company ran afoul of Connecticut Attorney General Richard Blumenthal, who has asked a state court to block the merger until his office get a ruling on its appeal of the conditional approval.

Blumenthal, who is never at a loss for words, criticized Con Edison for an "abysmal record of high rates, poor service and environmental disrespect."

Now, Northeast appears to feel that Con Edison may be using the Connecticut problem to weasel out of the marriage, and has threatened a breach of promise suit.

Con Edison's response to Northeast's ultimatum, a short statement saying it is "reviewing the prospects for the merger in light of changes in Northeast Utilities' businesses that have occurred since the merger agreement," was "insufficient," according to a Northeast spokeswoman.

Michael G. Morris, chief executive of Northeast Utilities, acknowledged that his company has changed since the merger announcement. "Northeast Utilities is a substantially more valuable company today that when we entered into the merger agreement more than 16 months ago," he said.

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