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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

FERC Okays PG&E Plan to Protect Non-utility Assets

LCG, Jan. 15, 2001The Federal Energy Regulatory Commission has approved a plan by PG&E Corp. to make changes in its corporate structure which would shield the bulk of its assets from the credit problems of its Pacific Gas & Electric Co. subsidiary, the Wall Street Journal reported this morning in its on-line edition.

The paper said there were no challenges to the proposal which was announced in a public notice issued on December 28. Consumer advocates said they were unaware that PG&E had made the filing with FERC.

Mike Florio, a lawyer with TURN (The Utility Reform Network, ne Toward Utility Rate Normalization), said he was "astonished" that FERC had approved the company's request without consulting the California Public Utilities Commission.

Alan Glover, the company's bankruptcy attorney, said the idea of the restructuring is "to protect the equity value" of the nonutility parts of PG&E Corp. "so they have independent credit vitality." He said the reorganization was a "neutral act" for utility creditors.

The plan calls for PG&E Corp. to set up a new company that will hold all of the parent corporation's nonutility assets. PG&E Corp. would appoint a seven-member board of control and received all of the new entity's profits.

Credit rating firm Standard & Poor's reacted favorably to FERC's action, noting that the new structure would "ring-fence" PG&E Corp.'s unregulated power trading and merchant power subsidiaries in the event of bankruptcy being forced upon Pacific Gas & Electric.

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