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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

Power Project Developers Cutting Back, WSJ Says

LCG, Jan. 4, 2002--Sliding wholesale electricity prices are causing developers of power plants to rethink their plans and many are cutting back on projects already under development, the Wall Street Journal reported this morning.

Another factor in the cutback is the recent harsh treatment of corporate debt levels by credit rating agencies and the effect credit downgrades has had on the market capitalization of some power producers.

According to the Wall Street, a research group found that about 18 percent of announced projects will not be completed. Energy Insight, a Colorado-based unit of McGraw-Hill Cos., said that 91,139 megawatts of new generation, out of a total announced 503,780 megawatts, had been scrapped or delayed by the end of last year.

According to the paper, Energy Insight's conclusions are based on company releases and may understate marketplace conditions.

Mirant Corp., Dynegy Inc. and El Paso Corp. have all said they would trim their power project plans for 2002 and Calpine Corp. will make a similar announcement later this month, the Wall Street said.

More optimistic voices have said the decline in wholesale power prices is at least partially due to a sluggish national economy and delaying power projects now will only result in another power shortage in a few years.

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