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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

Nevada Power Files Appeal on Pricy Long-Term Contracts

LCG, Apr. 12, 2002--Utility Nevada Power, which had indicated that it could face bankruptcy unless it received approval to recover costs incurred for long-term power purchases, yesterday filed an appeal with the District Court in Carson City to overturn an unfavorable, unanimous rate ruling by Nevada's three-member Public Utilities Commission.

The PUC ruling allowed Nevada Power to recover $485 million out of $922 million requested. Regulators determined that purchases by the utility made during last year's Western power market crisis were imprudent. The utility signed long-term contracts at prices of up to $172 per megawatt-hour.

Nevada Power, which also plans to appeal directly to the PUC for another hearing on the matter, filed the appeal with the District Court in the hopes that it could obtain a judicial order granting its request. Attorneys for intervenors do not see a strong possibility that a judge would be likely to disagree with the commission's findings.

Andrea Smith, a spokesman for Nevada Power said, "we believe the company and community are at risk. We're going to pursue whatever remedies are available to us, and this is one of those remedies." Suppliers and creditors of Nevada Power such as Reliant Energy are seeking their own risk-protection in the form of cash payments, letters of credit or collateral for new power-purchase contracts.
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