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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

Enron Memo Echoed in Cheney's Message to California

LCG, Jan. 31, 2002--A memo published by the San Francisco Chronicle Wednesday, from Ken Lay to Vice-President Dick Cheney, indicates that the former Enron Chairman and Cheney were both in support of free markets, not price caps, in California last year.

The memo reflected talks between the two men in April 2001, when California officials were calling for the White House to back wholesale power price caps. Public remarks by Cheney a few weeks later indicated a resistance to price caps, and a belief that such caps "would be a mistake," according to Cheney.

An excerpt from the memo reads, "the administration should reject any attempt to re-regulate wholesale power markets by adopting price caps or returning to archaic methods of determining the cost-base of wholesale power." It further warns that temporary price restrictions, not just ongoing caps, "will be detrimental to power markets and will discourage private investment."

The GAO has stated that it will go forward with a suit against the White House aimed at obtaining documents from energy policy talks. Mary Matalin, who advises Cheney, said "just because some of the things (from the memo) are included in the plan doesn't mean they were from the talks."

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