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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

Upstate New York Customers Will Pay 13% Less for Electricity

LCG, Mar. 1, 2002--A five-year rate settlement between New York state regulators and New York State Electric & Gas Corp. will bring down electric rates for 825,000 customers by 13 percent.

NYSEG is the second-largest utility in upstate New York, serving several Buffalo suburbs. The contentious path to the final rate agreement came after NYSEG suggested last March that it be allowed to freeze its rates for seven years. The proposal was offered as a contrast to volatile prices at the wholesale level in California.

The response to the plan was that NYSEG's rates were nonetheless among the highest in the country, and 23 percent above those of Rochester Gas & Electric Corp. (The Public Service Commission approved a deal in which NYSEG would acquire RG&E earlier this week.) NYSEG revised its terms to include a three percent rate cut, and a freeze for six years.

The cut agreed upon takes effect today, meaning residential customers will be charged 12.2 cents per kilowatt-hour, rather than the 14 cents they have been paying. Flexible terms are available to all customers, who can purchase electricity at market prices rather than at a fixed rate, expected to be five percent above market prices based on forecasts. They may also limit their purchases from NYSEG entirely to delivery services, and buy electricity from another company altogether.
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