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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

Conectiv Shareholders Okay Pepco Merger

LCG, July 18, 2001Shareholders of Conectiv Inc. yesterday approved the pending $5.4 billion merger of their company with Potomac Electric Power Co., a transaction the companies expect to close early next year.

While billed a merger of equals, under the proposal, Pepco would pay $2.2 billion in cash and stock for Conectiv and assume $3.2 billion of Conectiv's debt. Pepco Chairman John Derrick will remain as chairman of the yet to be named newly created company, while Conectiv Chairman Howard Cosgrove will retire with a $6.4 million severance package.

Yesterday, about 95 percent of the shareholders, who own about 68 percent of Conectiv's common stock, agreed on a price of $25 a share. Pepco's shareholders were scheduled to vote today on the deal, which also requires regulatory approval from several state and federal agencies.

The companies said the deal will not result in significant layoffs and all union contracts would be honored.

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