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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

Enron India Invokes Maharashtra's Debt Guarantee

LCG, Jan. 30, 2001Enron India, the builder and 65 percent owner of the big Dabhol electric power facility in India's Maharashtra state, has invoked a state guarantee to recover electric bills that have not been paid by the Maharashtra State Electricity Board.

"With monthly bills outstanding for both November and December 2000, Dabhol Power Co. has exercised its rights under the existing documents by drawing upon the Government of Maharashtra's guarantee," Enron India said in a statement.

Just weeks ago, Maharashtra state paid the state electricity board's October bill when Enron threatened to invoke the guarantee. Standing behind the state guarantee is the sovereign guarantee of the Indian federal government. If Enron were to invoke the federal guarantee it could prove an embarrassment for the Indian government at a time when it is attempting to paint India as an attractive venue for foreign investment.

Enron's move underscores difficulties faced by foreign investors dealing with India's state electricity boards. The boards, which are state-owned utilities, are generally corrupt to some degree, fail to collect their own bills from politically strong customers, and allow an average of one-third of the power they purchase to disappear from their transmission systems through theft and gifts to agricultural and other powerful interests.

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