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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

CA Bill Would Reduce PG&E Interest Cost

LCG, May 24, 2004--A bill passed by the California state Senate that would allow the utility Pacific Gas & Electric to lower its interest costs is now in the hands of Gov. Schwarzenegger.

Assuming that Schwarzenegger signs Senate Bill 772, by Senator Debra Bowen, D-Marina del Rey, the California Public Utilities Commission would then act to allow the utility to issue bonds to refinance a regulatory asset of $2.21 billion. "The quicker we act, the quicker the rates go down," Michael Peevey, the president of the PUC, told an investor conference this past wednesday.

The refinancing could result in savings in the amount of $1 billion from lower interest and tax payments. The asset to be refinanced was created in the course of PG&E's bankruptcy reorganization. Peevey expressed the belief that new bonds would be issued this year.
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