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TVA and ENTRA1 Energy Announce Collaborative Agreement in Landmark 6-Gigawatt NuScale SMR Deployment Program - Largest in U.S. History

LCG, September 3, 2025--The Tennessee Valley Authority (TVA) and ENTRA1 Energy (ENTRA1) yesterday announced a new agreement to advance nuclear power development within TVA’s service region. Under the agreement, ENTRA1 Energy will collaborate with TVA to deploy six ENTRA1 Energy Plants™, each powered by multiple NuScale Power Modules™, to provide up to 6 GW of firm, 24/7 baseload power.

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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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Industry News

Spanish Regulators Due to Rule on Endesa-Iberdrola Deal

LCG, Jan. 10, 2001Spanish regulators were to rule today on the planned acquisition of Iberdrola by Endesa, a combination which if left alone would result in a company controlling more than 80 percent of Spain's power supply.

People familiar with the Spanish competition tribunal say that its criterion will be that the combined company control a maximum of 40 percent of the separate sectors of the country's electricity business. The companies have expressed willingness to cut back their combined generating capacity to 40 percent of the market, but they had planned to keep at least half of their 8 million retail customers and almost two-thirds of the Spanish transmission and distribution business.

In making its offer for Iberdrola, Endesa trumped a bid by Gas Natural, an affiliate of Repsol YPF, and now Repsol is the most vocal critic of the Endesa-Iberdrola combination. Repsol want the deal blocked until the companies provide a list of the businesses they are willing to divest and a timetable for disposing of them.

Endesa and Iberdrola have both said that government conditions imposed on the merger could scotch the deal if they were too severe. Iberian observers pooh-pooh such talk as rhetoric aimed at speeding up the approval.

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