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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 Corporation Unit Slated for Bankruptcy Filing

LCG, May 14, 2003-National Energy Group, a subsidiary of the Pacific Gas & Electric Corporation, may enter Chapter 11.

On Tuesday PG&E Corporation noted its plans to file for bankruptcy for its electricity generation and trading unit. The Corporation also intends to omit National Energy Group from its earning projections may even surrender ownership.

PG&E Corp. already has one unit in bankruptcy court, PG&E utility, which serves customers in Northern California. The utility is well on its way to recovery and only faces obstacles as to which bankruptcy plan it will be permitted to execute.

National Energy Group, however, is one of the energy trade's most doomed companies, suffering from low energy prices after the high prices of 2000 and 2001. The company reported a net loss of $261 million for the first quarter, as opposed to a net income of $37 million for last year's first quarter.

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