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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

Dominion Virginia Acquires Calpine Interest in Plant

LCG, August 4, 2003--Calpine has arranged to sell its 50 percent interest in the Gordonsville power plant to Dominion Virginia, which currently purchases power from the plant under a long-term contract.

The deal was considered necessary by Calpine to improve its liquidity. It will realize a cash payment of $31.5 million, part of which is a $5.5 million return of debt-service reserve from the project.

The deal will need to be granted regulatory approval before being finalized. According to Calpine's spokeswoman Katherine Potter, Dominion Virginia, a subsidiary of Dominion Resources Inc., plans to pay off $44 million of non-recourse debt connected with the project that it would assume as part of the sale.
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