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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

Peoples Energy to Cut Payroll through Retirements

LCG, Aug. 2, 2001Midwestern natural gas company Peoples Energy Corp. said yesterday it would offer 170 non-union, non-officer employees early retirement as a means of reducing its payroll.

"This program continues our efforts to ensure profitability through increased efficiency and improvedservice," said Tom Patrick, president and chief operating officer. "It will enable us to accelerate the benefits of process improvements now underway."

The company said employees who accept the offerwill retire effective Dec. 1, 2001, though an employee may be required to postpone retirement under the program beyond December 1 in order to provide for a smooth transition.

"The program will result in a one-time charge to fiscal 2001 earnings," said Jim Luebbers, chieffinancial officer. "Assuming 50 percent of eligible employees participate, the program is estimated to yield annual labor savings of about $7 million." Benefit payments will be borne by the company's pension plan trust, which the company says will continue to be well funded.

Peoples serves about 1 million retail natural gas customers in Chicago and northeastern Illinois.

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