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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

Goldman Sachs Acquires European Trading Books

LCG, Mar. 7, 2003--The presence of U.S. energy companies in European energy trading has receded further with the announcement by investment bank Goldman Sachs Group Inc. that it has bought trading books from Dynegy Inc. and El Paso Corp.

The two energy companies were seen by analysts as being too highly leveraged to continue trading. Goldman Sachs had earlier been in a partnership with the trading operations of Constellation Energy Group, which owns power plants. Fox-Pitt Kelton analyst Reilly Tierney told Reuters that energy prices "are clearly at distressed levels, so if you thought that the business is going to come around this makes a lot of sense."

Goldman joins a number of other banks that have energy trading, including UBS Warburg, Deutsche Bank, Barclays Capital and BNP Paribas, a French concern. Although representatives of the bank did not disclose how much was paid for the two trading books, El Paso said last month that its gas portfolio in Europe had been purchased for $80 million by an unnamed buyer.
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