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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 New York ISO Price Cap

LCG, Oct. 25, 2001--The Federal Energy Regulatory Commission yesterday approved a request by the New York Independent System Operator for an extension of a price cap of $1,000 per megawatt hour for wholesale electricity bids handled by the ISO.

NY-ISO had asked the federal regulators to extend through April 30 of next year the prices caps which went into effect in July, 1999. If, as expected, power supplies in New York City and on Long Island appear to be marginal as next summer approaches, the ISO may ask for another extension.

Under those circumstances, it is likely that the price controls will remain in effect until the new, 11-state Northeast Regional Transmission Organization is operational.

In its order, FERC said it believed its decision "will promote price certainty and market participants' confidence in the New York ISO-administered markets, which will increase supply, improve reliability and ... lower energy prices."

The Northeast Regional Transmission Organization is one of four super-RTOs FERC wants to create to replace the smaller independent system operators and other organizations that have sprung up since electric industry restructuring took hold about five years ago.

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