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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

Nuclear Unit Powers Entergy Earnings

LCG, July 31, 2001Entergy Corp., which today announced higher-than-expected earnings, said the increase was due in large part to improved results in its nuclear generation operations and energy trading business.

The company, which earlier this months told Wall Street to expect earnings of about 96 cents per share, a two-cent drop from the same period last year, reported $1.06 cents a share, on $239 million earnings for the second quarter against $224 million for the second quarter a year earlier.

Entergy is the second-largest nuclear power company in the U.S., behind Exelon Corp. The company purchased four reactors from other utilities during the past 12 months, and has indicated it is looking for more.

Entergy's earnings, a record for the 13th consecutive quarter, prove that the company is on the right track, according to Chief Executive Wayne Leonard. "We've yet to realize all the upside potential in these businesses and we will capture every available opportunity to create tangible value for our shareholders," he said.

The gain came despite a $10 million downturn in profits from the company's regulated utility business, attributed to mild weather. That dip was more than compensated for when nuclear operations posted a gain of $33 million, three times the previous year's figure.

John Wilder, chief financial officer, said "We enter the second half of the year highly confident of our opportunities for the remainder of 2001 and beyond. We are reaffirming our current guidance for 2001 at $3.00 to $3.20 per share and $3.30 to $3.50 for the year 2002."

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