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TerraPower Announces Start of Construction on First Utility-Scale Advanced Nuclear Plant in Wyoming

LCG, April 23, 2026--TerraPower announced today the official start of construction on its Kemmerer Unit 1 nuclear power plant, which could be the first utility-scale advanced nuclear power plant in the United States. In early March, the Nuclear Regulatory Commission (NRC) announced that it had authorized the staff to issue a construction permit for Unit 1 commercial nuclear power plant in Kemmerer, Wyoming.

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TVA Announces Two Energy Storage Agreements Totaling 425 MW/1,700 MWh

LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.

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Industry News

El Paso Energy Completes Merger With Coastal

LCG, Jan. 30, 2001--El Paso Energy Corp. said yesterday that it completed its $24 billion merger with The Coastal Corp. following Federal Trade Commission clearance for yesterday's announcement. The company says it is now the fourth-largest U.S. energy company.

"This merger is a transforming event for both El Paso Energy and Coastal," said William A. Wise,chairman, president, and chief executive.

As part of the Federal Trade Commission approval of the merger, the company has agreed to divest its ownership in five pipeline systems as well as Coastal's ownership of the Gulfstream natural gaspipeline project.

In addition, subsidiary El Paso Energy Partners will divest certain offshore assets and its 33.92-percent interest in the Nemo gathering project, which is currently under construction.

Coastal shareholders will receive 1.23 shares of El Paso Energy common stock for each share ofCoastal common stock and Class A common stock on a tax-free basis. Coastal's outstandingconvertible preferred stock will be exchanged for El Paso Energy common stock on the same basisas if the preferred stock had been converted into Coastal common stock immediately prior to themerger.

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