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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

Reliant Pays $50 Million to Conclude Manipulation Investigation

LCG, Oct. 3, 2003--A settlement announced Thursday that ends investigation of alleged power market manipulation by Reliant Resources is an example that should be followed by other companies, Pat Wood III, chairman of the Federal Energy Regulatory Commission, stated.

Charges had been raised by FERC that subsidiaries of Reliant Resources withheld power from the market and placed manipulative bids to force prices upward. The agency released a transcript on its website earlier in the year in which traders talked about keeping capacity offline.

The settlement includes $25 million in civil penalties, and possibly the same amount again from revenues from electricity auctions. Reliant Resources agreed to pay nearly $14 million to customers of California's defunct Power Exchange over similar charges last winter, when FERC also discussed stripping it of trading privileges.

Three power trades that had received scrutiny, including one with BP Energy at Arizona's Palo Verde trading hub, will no longer be the subject of inquiries. Gov. Davis, repeating earlier dismissals of such settlements, said "Reliant ripped California ratepayers off for billions of dollars and FERC slaps them on the wrist."
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