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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

Cal-PX Halts Market Ops; Going Out of Business

LCG, Jan. 31m 2001--The California Power Exchange said yesterday that it would no longer operate its day-ahead and day-of energy markets. The move is in response to a Federal Energy Regulatory Commission order that it recalculate all transactions made so far this year.

When FERC set its "soft cap" of $150 per megawatt-hour it eliminated a rule that all clearing prices be at the highest price bid and pay only the actual price bid. Cal-PX ignored that portion of the order and requested a stay of the order and a rehearing with the U.S. Ninth Circuit Court of Appeals. The court is scheduled to hear oral arguments on February 7.

"Regrettably, Cal-PX must take this extraordinary action in response to FERC's order that directs us to immediately comply with the terms of its December 15 order and implement a $150 breakpoint," Cal-PX president and chief executive George Cladode said in a statement.

Cal-PX said market participants stopped doing business with the exchange following the FERC order and defaults by Southern California Edison Co. and Pacific Gas & Electric Co. only made matters worse.

"The continuing defaults in our markets and threats of defaults in the next couple of days make it ridiculous to keep the market going when you're a public benefit corporation that's revenue neutral," said Cal-PX spokesman Jesus Arredondo.

The quasi-public agency said it is in the process of winding down operations in order to shut its doors.

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