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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

Cogentrix Puts Itself Up for Sale

LCG, Oct. 26, 2001--Cogentrix Energy Inc., the privately-owned independent power producer, has dropped plans for a public offering of its stock and has instead hired investment banker Goldman Sachs & Co. to find a buyer, Reuters news agency reported yesterday.

With the nation's stock markets in the doldrums, Cogentrix has scrapped plans for an initial public offering and instead expects to realize between $1.5 billion and $2 billion in a direct sale to an energy company looking to broaden its base in independent power production.

Cogentrix, which earned $51.5 million on revenues of $551 million last year, owns outright or has partial ownership in 28 power plants in 14 U.S. states. Its total generation capacity is about 7,800 megawatts.

Because Cogentrix is privately owned, financial information about the company is not available through usual channels, but Reuters said documents detailing the company's financial position have been floating on Wall Street.

At least three energy companies -- Dominion Resources Inc., Dynegy Inc. and El Paso Corp. -- are said to have expressed interest in Cogentrix.

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