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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

Reliant Expects Gain on Sale of NY Power Plants

LCG, May 25, 2004--A group of 72 power plants acquired by Reliant Energy Inc. in early 2002 will be sold, according to a definitive agreement signed with Brascan Corp. of Toronto.

The deal represents a transfer of 770 megawatts, with all of the plants being hydro except for a single cogeneration plant. It is subject to antitrust review by regulators at the federal and state levels. Brascan, which holds power generation and real estate assets, would increase its ownership of generating capacity by approximately 50 per cent.

Reliant anticipates that it will realize a "significant" gain from the transaction in the third quarter. The assets were purchased by Reliant when it acquired Orion Power Holdings and that company's 6,122 megawatts of generating capacity.
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