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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

Duke Announces Plans to Sell More Power Plants

LCG, September 14, 2005--Duke Energy announced yesterday that its board of directors approved a plan to pursue the sale of substantially all of Duke Energy North America's (DENA) physical and commercial assets outside the Midwest. The portfolio includes approximately 6,200 MW of electric generating facilities located primarily in the West and Northeast, plus effectively all of DENA's trading book. The assets will be sold or otherwise divested within the next twelve months.

In announcing the plan, Duke Energy also stated that it will take a non-cash, pre-tax charge of approximately $1.3 billion, or approximately $0.88 per basic share,which will be reported in third quarter 2005 earnings.

Duke Energy stated that it will remain active in the merchant power sector. Following the proposed merger with Cinergy that is anticipated to be completed next year, Duke Energy expects to combine its existing, 3,600 MW of generating assets in the Midwest with Cinergy's commercial operations, providing a sustainable merchant business model in the region.

Duke Energy sold over 6,500 MW of its electric generating assets in 2004. In August of last year, Duke Energy completed the sale of its Southeast merchant plants, including eight, natural gas-fired plants with a combined capacity of 5,325 MW, to KGen Partners for $475 million. Last October, Duke completed the sale of its partially completed, 1,200-MW, combined cycle Moapa Power Plant in Nevada for $182 million.

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