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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

Enron Crash Cost Workers Their Life Savings

LCG, Dec. 19, 2001--Two longtime employees of Enron Corp. subsidiary Portland General Electric Co. testified yesterday before the U.S. Senate Commerce, Science and Transportation Committee, saying that their life savings had been wiped out by the collapse of the energy giant.

Bob Vigil and Don Eri are among the nearly 1,000 members of International Brotherhood of Electrical Workers Local 125 who are victims of Enron's November bankruptcy, the union said.

"Little did those of us working hard every day to make the company successful know what was going on at the top of Enron," said Bob Vigil, an electrical machinist working foreman, in prepared testimony. "We trusted management's glowing reports of strong financial growth and opportunity. Then in October, Enron's house of mirrors came crashing down."

Vigil and Eri told the hearing chaired by Sen. Byron Doran, a North Dakota Democrat, that Enron prevented the workers from protecting themselves, even after the company's nosedive became apparent.

On the same day the federal Securities and Exchange Commission launched an investigation, employee investment accounts were frozen, leaving workers to watch the company stock value plunge to penny stock status, the union said

"It's unconscionable that hard-working, dedicated workers were forced to sacrifice their life savings to prop up a failing company," said IBEW President Edwin D. Hill. "Those who ran the company into the ground certainly aren't wiped out financially -- just the workers who made their success possible."

And, it should be noted, shareholders, bondholders, creditors, trading partners and others.

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