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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

Newsmakers

Kevin S. Crutchfield will become president of Coastal Coal Co., an affiliate of El Paso Corp. subsidiary El Paso Merchant Energy, beginning today. He most recently was president of Amvest Corp. and previously held the position of chairman, president and chief executive of Cyprus Australia Coal Co., as well as other executive positions with Pittston Coal Co.

Michael P. Holstein, a utility executive with more than 20 years of business experience, has been named vice president and chief financial officer of the Midwest Independent Transmission System Operator Inc.

Constance H. Lau has been elected a director of Hawaiian Electric Industries Inc. and appointed president and chief executive officer of American Savings Bank, F.S.B., one of Hawaiian Electric's two core operating subsidiaries. She most recently was treasurer and chief financial officer of HEI Power Corp., another subsidiary.

David G. Mengebier has bee promoted to senior vice president for governmentaland public affairs by CMS Energy Corp., succeeding John W. Clark, who will retire effective August 1. Mengebier is currently vice president of governmental and international affairs, based in Washington, D.C.

Mark Ruelle, senior vice president and chief financial officer of Sierra Pacific Resources Inc. has been named president of subsidiary Nevada Power Co., replacing Steve Rigazio, who is retiring June 1 due to health reasons. Ruelle will continue to serve as chief financial officer until a replacement is named.

W. Mark Schmitz has been appointed vice president and chief financial officer of fuel cell maker Plug Power Inc. He joins the company from General Motors Corp., for which he most recently was vice president and chief financial officer of its DirecTV Latin America subsidiary.

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