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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

AES Reviewing Sale of Indianapolis Utility Stake

LCG, Feb. 20, 2002--Indianapolis city officials are monitoring developments after an announcement by AES Corp. that it would sell a stake in the holding company for Indianapolis Power & Light Co.

AES has owned IPALCO Enterprises for almost a year, and is considering the $600 million sale due to increased cash requirements. The company wants to raise $1.5 billion overall, but has reportedly told IPL that the sale will be limited to a 20 percent stake.

City officials' main concern is that AES retain ownership of IPL generating plants. If the plants were sold, the city might have to buy power from the market. Chief Deputy Mayor Michael O'Connor told The Indianapolis Star, "that would have a direct impact on consumer electric bills."

"We'll intervene at the federal level if this turns out to be more than a minority-stake sale," O'Connor said.

A spokeswoman for AES, Crystal Livers-Powers, said "AES is making this offering on the shares of IPALCO, not its assets." The company would either make an initial public offering or sell stock to a financial institution, the city said AES had indicated. AES is nearly certain to receive significantly less than its purchase price for IPALCO, due to the fall in energy company stock prices generally.
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