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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

Enron Prepared for Higher California Energy Prices

LCG, Apr. 11, 2002--A state senator from California testifies today before a U.S. Senate Commerce Committee on internal Enron documents indicating that the company secured large amounts of electric power and natural gas in mid-2000 before a surge in wholesale electricity prices set off a power crisis in the Western states.

The senator, Joseph Dunn, has prepared remarks concerning evidence that Enron was betting on large price increases. The company said during the height of the power supply crisis in 2001 that it was not deriving benefit from the higher prices, due to the increased cost of obtaining power. It cited such costs as a reason to back out of a direct service, four-year power supply contract with the state university system in February 2001.

Dunn will say of electricity purchases, "we know from the daily position reports, which Enron provided our committee, that as the summer of 2000 approached, Enron's traders had taken increasingly 'long' positions in the market..." According to Dunn, the tracking of gas purchases show the company wanted to become a net seller of gas. Remarks obtained in advance reflect a finding that "staggering shifts, a veritable sea change, from short to long positions are found in Enron's own books."

Additional testimony will cover the company management's opinions concerning the effects of deregulation. Within Enron, a strong supporter of the deregulated marketplace, documents indicated that "internal predictions do not appear to support...hyperbolic promises" concerning lower consumer prices.
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