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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

Ontario Competition Could Be Slowed by Credit Fears

LCG, Feb. 27, 2002--Although a competitive power market is due to begin in Ontario on May 1, acquisitions of Ontario Power Generation's power-producing assets have been slow enough that the spin-off of utility Ontario Hydro still owns 80 percent of the province's generating assets.

Ontario Power's management attributes the slow pace of divestiture to banks' Enron-inspired fear of utility credit problems. Ron Robinson, vice-president of portfolio management at OPG said, "they don't have the money to come in and invest. Not only are they withdrawing their interest, they're going home to take care of their balance sheets."

The provincial transition plan for full competition requires that within ten years, no more than 35 percent of Ontario electric output should come from OPG. The single major competition-related development in the province to date has involved Bruce Power, a partnership of British Energy Plc and Cameco Corp., a Canadian uranium supplier. Bruce Power's nuclear assets, which it is leasing from OPG until 2018, produce 17 percent of the province's electric power needs.

Some heavy industrial users have voiced concern that unless divestiture accelerates, power prices could increase. Lauri Gregg, of Falconbridge Ltd., the third-largest nickel producer in the world, said, "the faster we get competition the faster we get efficiency in the market." Gregg mentioned that Falconbridge had urged a five-year timetable instead.
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