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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

Lay Steps Down From CEO Post and Chairmanship of Enron

LCG, Jan. 24, 2002--Enron's chairman and CEO Ken Lay has left those positions, under pressure from a bankruptcy court-appointed creditors committee.

Lay will assist Enron's board of directors in selecting a restructuring specialist, who will be acting CEO until a formal replacement is found. In a statement, Lay said, "unfortunately, with the multiple inquiries and investigations that currently require much of my time, it is becoming increasingly difficult to concentrate fully on what is most important to Enron's stakeholders."

The 15-member creditors committee held strong doubts about Lay's effectiveness in seeing that creditors are repaid, in view of the series of sales of Enron stock Lay made in 2001 while the company's financial position was crumbling.

Hearings regarding Enron begin on Capital Hill today before a subcommittee of the House Energy and Commerce Committee ("The Destruction of Enron-Related Documents by Andersen Personnel"), and before the Senate Governmental Affairs Committee ("The Fall of Enron - How Could It Have Happened?").

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