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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

ERCOT Ready for Texas Dereg on New Year's Day

LCG, Dec. 7, 2001--With the Public Utilities Commission of Texas set to give the final green light for retail electric competition in the Lone Star State, the state's independent system operator says it is ready for the January 1 opening of the electric market.

The Electric Reliability Council of Texas, one of ten regional councils of the north American Electric Reliability Council, is the ISO for the state, and will manage its transmission system under deregulation.

"Fundamentally, I think it (is) clear to everyone that the system is ready to go forward," Tom Noel, ERCOT chief executive, said. "Unless we have a major hiccup, we expect to be in full retail choice operations on January 1, 2002."

Final go-ahead for the program could come today at the PUCT's Friday meeting, or early next week. At today's meeting, the commission is expected to set a base price for Texas' local utilities to charge customers.

Local utilities would not be allowed to sell power below the base price, which would be the price that alternative suppliers would have to beat to induce customers to switch. The base price will remain in effect for three years or until a utility loses 40 percent of its customers to competition.

"This is intended to set a bright line against which new competitors can compete," Noel said.

Noel expects none of the problems that afflicted California's attempt to deregulate its electric industry. "We've been working hard on this for seven years. California worked on it only two. And we've had a retail pilot program in place for the past seven months, which gave us a chance to work out the bugs," he said.

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