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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

Bonneville Will Cut Prices on Cal Power Contract

LCG, Dec. 17, 2001--The Bonneville Power Administration agreed last week to lower the prices of electricity it sold to the California Department of Water Resources under a contract negotiated last spring when the state was a desperate buyer in a seller's market.

The small contract, for 18 megawatts of power through April 31 of next year, was at the average rate of $55 per megawatt-hour, more than double the current price for power on the spot market. Bonneville will cut the price of the power to $29 per megawatt-hour.

The water agency has committed $43 billion on 56 long-term contracts, mostly extending 10 years into the future, but some running as long as 20 years. Intense pressure has been brought to bear on the CDWR by newspapers, the public and other state agencies to renegotiate the contracts, but few power sellers appear willing.

Calpine Corp., which has three contracts to sell the CDWR 2,500 megawatts of power for about $13 billion over 10 to 20 years at prices between $70 and $80 per megawatt hour, will me with the water agency seeking to find "something of value" in the deals, but said it "stands by" its contracts.

Only one other power producer admits to conversations with the CDWR. NRG Energy Inc. said Friday that he CDWR has approached the company about renegotiating a contract, but no commitments have been made. NRG chief executive Dave Peterson said the company would consider dropping its price to around $30 per megawatt-hour in exchange for an extension of the contract.

"We could give them price flexibility without affecting our position," he said.

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