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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

Washington State Utilities Hope for Refunds Based on Enron Memos

LCG, May 14, 2002--The trading strategies used by Enron's Western traders and the associated discussion in Dec. 2000 legal memos form the basis for a planned legal brief by Washington utilities seeking refunds for expensive power purchases.

Seattle City Light and Tacoma Public Utilities will seek to recover $348 million paid for short-term power purchases from Enron and other power marketers. The utilities will again argue before an administrative law that the sales did not represent "just and reasonable" criteria enforceable by the Federal Energy Regulatory Commission (FERC). Their arguments were rejected last fall, but may be seen in a different light since Enron's corporate attorneys' description of methods by which the company gamed the market in late 2000 and early 2001 have come into focus.

Perhaps ironically, the FERC has sent letters to Seattle City Light among other public utilities as well as large traders, in order to determine whether their trading activities were designed to take advantage of the situation in California, where flexible price caps were placed on in-state generation. If refunds are found to be justified, the recovery of actual funds may be very difficult, due to the number of creditors interested in Enron's bankruptcy proceedings. For the moment, Seattle City Light's rate increases following the power market crisis of the past year amount to 60 percent.

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