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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

SoCal Ed, QFs Reach New Payment Agreement

LCG, Dec. 4, 2001--Southern California Edison Co. said yesterday that it had reached a revised agreement with independent power producers known as "qualifying facilities" for payment of past due bills for wholesale power purchased by the utility to serve its retail customers.

Among the QFs agreeing to the new plan was CalEnergy, operator of a Southern California geothermal complex, which recently brought suit against SoCal Ed. Under the revised plan, that lawsuit will be dropped, SoCal Ed said.

The revised plan amends previous agreements with the QFs to accommodate payment terms incorporated in the utility's October 2 procurement cost settlement with the California Public Utilities Commission.

"We appreciate the large number of (QFs) who have supported our effort to deal fairly and equitably with all creditors and not to single out one group for preferential payments," said SCE chief executive Stephen Frank. "We reaffirm our effort to pay all of our past-due obligations with interest during the first quarter of 2002."

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