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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

New Power Draws Attention of PUC for Billing Practices

LCG, Sep. 16, 2002--The New Power Co., part of an Enron subsidiary created in 1999, may be fined $3.91 million by the Public Utility Commission of Texas due to its failure to itemize charges on bills sent to power and gas customers.

Bills sent to thousands of customers were said by PUC staff to contain unexplained charges for past costs incurred by New Power for transmission and distribution service. While New Power apparently experienced some delays in being billed for such services itself, rules set by the PUC do not permit charges for items more than six months old. Power costs were shown without reference to quantity used by the customer or the price for given quantities of usage.

The suggestion by the Texas PUC staff to fine the company is not likely to yield any payment by the company, which was meant to serve customers in deregulated power and gas markets. New Power and its parent NewPower Holdings, Inc. have already filed for bankruptcy. Possible billing violations by New Power's Pennsylvania operations are also under investigation.
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