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News
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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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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
Southern Completes Mirant Spin-off Yesterday
LCG, April 3,2001The Southern Company announced this morning it has completed the spin-off of Mirant Corp. through the distribution of all of its 272 million shares of Mirant common stock. Southern owned about 80 percent of Mirant, which was formerly known as Southern Energy.After the close of the market yesterday, Southern Co. stockholders were issued not quite four shares of Mirant common stock for each share of Southern Co. owned on the March 21 record date. Cash will be issued in lieu of fractional shares, the company said.The Southern Co. seemed concerned that many of its shareholders were novice investors, and would have a hard time understanding that their Southern Co. shares were now worth less that they were yesterday, the difference being the equivalent of the distribution they received of Mirant stock and cash.Because the value of Mirant previously embedded in Southern Co.'s share price has been distributed directly to Southern Co. shareholders, one would expect the share price of Southern Co. to be lower following the spin-off, said Gale Klappa, chief financial officer."After the distribution, shareholders should combine the dollar value of their Southern Co. holdings with the value of their Mirant holdings to determine the total value of their investment," Klappa said.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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