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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

PG&E Corp. Can Wait on Repayment

LCG, August 5, 2002-Pacific Gas and Electric Corporation, parent company to the California PG&E utility, announced that it has been given waivers by some of its lenders.

Early today, Moody's Investors Service brought the corporation's rating down to "junk," and lenders to the PG&E utility said that repayment of major loans would be postponed through August 16 as long as the merchant energy affiliate PG&E National Energy Group has an investment-grade credit rating.

PG&E Corporation has some $1.3 billion in loans from several sources, including General Electric Capital Corporation and Lehman Commercial Paper.

The corporation has announced that it finds itself capable of meeting its loan requirements of the next year.

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