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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

Western Resources, PNM Break Off Merger Talks

LCG, Aug. 14, 2001--Public Service Co. of New Mexico announced that talks with Western Resources Inc. on their proposed $4.4 billion agreement have broken off, but added that the deal isn't dead and the companies will try to resolve their differences.

PNM said in a news release yesterday that the two companies "are in disagreement about the future of the transaction" but Jeff Sterba, the company's chief executive, said "PNM remains committed to the strategic benefits of bringing the two companies' electric operations together."

Western Resources issued a statement saying that PNM's "characterization" that the Kansas company had broken off the talks was wrong. "We have continually expressed our willingness to work with PNM and believe the current transaction can be completed without significant modification of the economic terms," said David Wittig, Western's chief executive.

Recent rulings by the Kansas Corporation Commission appear to be the fly in the ointment. In one ruling last month, the commission blocked Western's restructuring plan, which would have split its regulated electric utilities off from its unregulated business. Western says the restructuring is an essential part of the merger. In another ruling, the regulators denied a $151 million rate increase for the regulated utilities.

Sterba agreed that the rulings were at the heart of the problem. "We continue to believe that the merger agreement with Western, as currently structured, cannot be consummated if the KCC orders stand and the KCC's expressed concerns are not addressed by Western," he said.

Western's two utilities, Kansas Power & Light Co. and Kansas Gas & Electric Co., serve 636,000 customers in the Sunflower State. Together, they are the state's largest electric company.

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