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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

Lenders may buy Dabhol for $700 Million

LCG, Oct. 30, 2001-- Enron Corp. is in advanced stages of negotiations to sell its stake in Dabhol Power Co. at a 30 per cent discount to Indian financial institutions that hold the majority of the project's paper, the Economic Times reported this morning.

Enron chief executive Kenneth Lay has repeatedly refused to budge from his demand for $1 billion for the company's 65 percent interest in Dabhol, but the paper said talks were in progress over a sale for as little as $700 million.

The Economic Times said the Industrial Bank of India and other lenders are "close to finalizing" an agreement with Enron and could work out a deal within two weeks. Indian Prime Minister Atal Bihari Vajpayee will leave for the U.S. in the second week of November for meetings with President Bush.

The paper cited "sources close to the ongoing negotiations" as saying that the Indian government is eager that the financial institutions take over Dabhol quickly so that the Vajpayee can tell Bush during his visit that justice has been done with regard to the big U.S. energy company.

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