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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

PG&E Bankruptcy Judge Orders Reorganization Settlement Talks

LCG, Mar. 5, 2003--U.S. Bankruptcy Judge Dennis Montali stated in an order to utility Pacific Gas & Electric and the California Public Utilities Commission that while "the court is quite aware of the philosophical differences that separate (Pacific Gas) from CPUC ," representatives of each party would need to begin settlement talks concerning PG&E's emergence from bankruptcy.

Judge Randall Newsome will discuss prospects for negotiation with PG&E and the CPUC and recommend whether the effort should be pursued. Montali wrote, "While a prior mediation was unsuccessful, there is little to be lost, and potentially much to be gained, by ordering a judicially supervised settlement conference." PG&E will obey the order, according to spokesman Ron Low. The CPUC spokeswoman Sheri Inouye said, "We see this as a very positive development."

One of the most significant issues separating the PG&E and CPUC reorganization plans is how creditors of the utility are to be paid. PG&E wants to issue more equity than it had earlier proposed, up to $700 million worth, but less debt, with the option to issue secured debt. The CPUC plan would use debt and equity as well as higher retail rates, and runs counter to PG&E's plan to shift ownership of company assets to a set of new companies not regulated by the state.
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