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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

Los Angeles DWR Will Sell $389 Million in Bonds

LCG, August 21, 2002-The Los Angeles Department of Water Resources intends to hold a bond sale in order to raise $388.5 million.

The LADWR recently received a credit rating upgrade from credit rating services. Standard & Poor's Rating Service and Fitch's increased the rating from AA- to A+ , and Fitch reiterated its Aa3 rating.

The credit rating improvement comes in response to LADWP's diminishing debt and lowered long-term interest rates.
The variable rate bonds will be sold as early as Wednesday.

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