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Data Center Customer Adds 620 MW Order for INNIO's J624 Gas Engines

LCG, October 23, 2026--INNIO N.V. yesterday announced a 620 MW follow-on order from a developer and operator of mega-scale data center campuses in the United States. Together with the customer's 1.1 GW order announced previously in July, the new order brings cumulative orders from the customer to approximately 1.72 GW this year.

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The Nuclear Company Announces a 6.6 GW Nuclear Project to Commence Construction by 2030 in Kentucky

LCG, October 21, 2026--The Nuclear Company today announced a proposed nuclear energy campus in Kentucky that could potentially provide 6.6 GW of electric generating capacity. The Prosperity One nuclear energy campus, located along the Ohio River in eastern Kentucky, could accommodate up to six Westinghouse AP1000 reactors and would be the largest nuclear power generation site in the nation if fully constructed.

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Industry News

Avista Asks 10 Percent Electric Rate Hike

LCG, Dec. 4, 2001--Avista Corp. said yesterday it has asked Washington state regulators to approve a 10 percent increase in its electric rates which would go into effect next March 15.

Even with the increase, Avista's residential rates would be 5.872 cents per kilowatt-hour, which the utility claims are among the lowest in the region and well below the national average of 6.8 cents.

Avista said the 10 percent hike would be a uniform increase for all customer classes and would be for the generation portion of the monthly electric bill only.

Scott Morris, president of Avista utilities, said his company "must improve its current financial situation. We have worked diligently to demonstrate to regulators the prudence of our wholesale power costs and have made dramatic reductions in costs in order to shore up the financial stability of the company. It is only after exhaustive efforts that we request further rate relief."

Avista first found itself in uncertain financial waters in the spring of last year. On May 4, 2000, the company sold its 175 megawatt interest in the Centralia, Wash., coal-fired power plant without making arrangements for replacement power. At the same time, the California energy crisis was at its worst and sent wholesale power prices soaring throughout the West.

Avista has been caught in the middle ever since. In October of this year, the company's credit ratings were slashed to below investment grade. The company has since reduced both capital expenditures and operating expenses in an effort to improve cash flows.

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