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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

Electricity Rate Hikes Hit Rhode Island Consumers

LCG, March 27, 2001Rhode island was the first state in the nation to embrace electric deregulation and now some of its citizens are wondering if it was such a good idea, according to this morning's edition of the Providence Journal.

During a Rhode Island Public Utilities Commission hearing yesterday on a request by Narragansett Electric Co. for a 3 percent rate increase, consumers who testified were unable to forget four other rate increases in the past year that have caused electric bills to rise 30 percent.

"Do you realize how much you are hurting me and people like me?" Josephine Drake asked officials from Narragansett Electric. "My God, when is this going to end?"

Kate Racine, a member of the PUC, said the commission will decide Thursday whether to grant the rate increase but said it would likely be allowed because it is a fuel adjustment increase and the PUC has no choice. "It's a most difficult this to sit here and know how this impacts people's lives," she said.

It was impacting the life of Margaret Rogers, who testified that she was glad all the rate increases came in little bites. "But you're killing us just the same," she said. "It's getting harder and harder."

Ronal Gerwatowski, Narragansett's attorney, said "It's not easy for to come here and ask to increase our customers ' bills." He said the utility can no longer control prices, having sold its power plants. He said spot market prices for electricity this summer are already 11 cents a kilowatt-hour, compared with the 6.3 cents a kilowatt-hour under the proposed rate increase. The current rate is 5.9 cents a kilowatt-hour.

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