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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

FERC Requests Information on Megawatt Laundering

LCG, Feb. 19, 2002--The California Independent System Operator has been asked by staff of the Federal Energy Regulatory Commission for details relating to past trading and energy generation by companies that exhibit similarities with strategies used by bankrupt Enron Corp.

The ISO produced a report in October which concluded that 20 energy trading companies may have profited by selling output in California through out-of-state trading partners, to avoid price caps within the state. Known as "megawatt laundering," the behavior may have led to millions of dollars in higher costs to the state. Although the report covered the period 1998-2002, FERC will only consider refunds for trading between Oct. 2, 2000 and June 20, 2001.

FERC will consider additional evidence through the end of the month as it decides on whether to grant up to $8.9 billion in refunds. The evidence of megawatt laundering could take the form of schedules submitted to the ISO, which would indicate when and where power would be generated. Enron's actual power generation and transmission of power were sometimes inconsistent with actual usage of the transmission system, allowing it to be paid for relieving congestion where none actually existed.
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