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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

Retail Electric Competition Comes to Texas

LCG, Jan 2, 2002--Retail electric competition came to Texas yesterday and it appears that not only are there sufficient alternative power providers to assure a competitive market, the "prices to beat" set by regulators leave them a little room to earn a profit.

In recent weeks, the Public Utility Commission of Texas set "competitive prices" for the state's investor-owned utilities. In the Dallas-Fort Worth area served by TXU Corp.'s Texas Utilities Co., the company's rate was lowered from 9.67 cents per kilowatt-hour to 8.25 cents.

Under deregulation, existing utilities, such as TXU, will continue to have prices in their home territories fixed by the state until 40 percent of its customer base has switched. That may not happen soon, even with competitive prices from new power suppliers.

In Pennsylvania, which deregulated its electricity market two years ago, only about 5 percent of homeowners have switched providers. "We've learned that residential customers are concerned first and foremost with reliability of service and that price is important but not the only consideration," TXU spokesman Chris Schein said.

But some of the prices offered by the alternative suppliers are plenty attractive, though most require a one-year contract.

According to the Fort Worth Star Telegram, customers who want to sign a one-year contract with New Power Holdings can get a rate as low as 7 cents per kilowatt-hour. First Choice Power, the former Texas-New Mexico Power Co. of Fort Worth, is offering a one-year rate of 7.4 cents per kilowatt-hour. Reliant Energy of Houston, whose rates are frozen in its service territory, is offering a monthly rate of 7.3 cents per kilowatt-hour. For those interested in all-renewable energy from Texas solar arrays and wind farms, Green Mountain Energy is offering a rate of 8.2 cents per kilowatt-hour.

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