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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

AEP Completes Sale of Fossil-Fueled Power Plants in PJM

LCG, January 31, 2017--American Electric Power (AEP) yesterday completed the sale of four competitive power plants to Lightstone Generation LLC, a joint venture of Blackstone and an affiliate of ArcLight Capital Partners LLC, for approximately $2.1 billion. The four, fossil-fueled energy facilities are located in the region served by the PJM Interconnection and have a combined electric generating capacity of approximately 5,200 MW.

When the agreement was announced last September, AEP's chairman, president and chief executive officer stated, "AEP's long-term strategy has been to become a fully regulated, premium energy company focused on investment in infrastructure and the energy innovations that our customers want and need. This transaction advances that strategy and reduces some of the business risks associated with operating competitive generating assets."

The agreement includes the following energy generating facilities: Lawrenceburg Generating Station (1,186-MW, natural gas-fired facility located in Lawrenceburg, Indiana); Waterford Energy Center (840-MW, natural gas-fired facility located in Waterford, Ohio); Darby Generating Station (507-MW, natural gas-fired facility located in Mount Sterling, Ohio); and the General James M. Gavin Plant (2,665-MW, coal-fired facility located in Cheshire, Ohio).

AEP announced that it will net approximately $1.2 billion in cash after taxes, repayment of debt associated with these assets and transaction fees.
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