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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

Ontario Government Outlines Power Price Increases

LCG, Dec. 2, 2003--The Ontario government announced today by how much rates for power would increase for different customer classes and levels of consumption, marking the definitive end of an earlier promise to keep a price cap in place through 2006.

The plan will take effect in April of next year, and stipulates that consumption by residential and small users of up to 750 kilowatt-hours will cost 4.7 Canadian cents (3.6 cents U.S.) per kWh. Beyond that level of consumption, the price would be 5.5 Canadian cents (4.24 cents U.S.) per kWh. The cap, which was set below the market price of electricity, is currently 4.3 Canadian cents per kWh.

Commercial power consumption between 50,000 kilowatt-hours and 250,000 kilowatt hours would experience rate increases of between 15 and 18 percent. Dwight Duncan, Energy Minister for the recently installed Liberal government, said, "Our government understands that the proposed prices would have an impact on people, but clearly the current fixed price is not sustainable, nor is it responsible, and it does nothing to encourage consumers in this province to conserve energy."

The plan would serve as an interim step until the Ontario Energy Board, which regulates the power sector, develops its own plan by May 1, 2005. The power industry group Ontario Energy Association commended the message from the government. "This is a very important and positive signal to the industry and will help boost investor confidence," said chairman Art Leitch in a statement.
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