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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

Virginia Utilities Must 'Functionally Separate' Generation

LCG, Dec. 19, 2001--Judges of the Virginia State Corporation Commission yesterday reaffirmed a requirement in state law that electric utilities must "functionally separate" generating and distribution services before competition among electricity suppliers begins in the Old Dominion.

The next 12 days will be busy as both regulators and utilities get ready for competition to begin on January 1.

The Corporation Commission ruled yesterday that a plan by Virginia Electric & Power Co. to transfer ownership of its power plants to another subsidiary of its parent holding company, Dominion Resources Inc., would not be in the public interest.

"We find that it will create too much uncertainty, too much risk and provide too little benefits, if any," the commission said yesterday. The SCC judges instead approved their own solution, which would be the transfer of the plants to new, separate divisions of Virginia Power.

The commission said the ruling also applied to the state's number two investor-owned utility, American Electric Power Co., and to 12 rural electric cooperatives.

Earlier this year, AEP had, like Virginia Power, asked to transfer its Virginia power plants to another subsidiary of the parent holding company, but the company agreed this fall to create a division within the utility for the generating assets.

The Corporation Commission said in its ruling yesterday that Virginia Power might transfer ownership of its plants to a unit of Dominion Resources at a later date "when conditions are such that that the public interest in safe, reliable electric service will not be jeopardized by the transfers."

One of the SCC judges, Theodore V. Morrison Jr., said the Virginia General Assembly could help the commission by providing clearer direction on the issue of legal separation.

Virginia Power has the options of accepting the order, appealing it to the Virginia Supreme Court, or asking the General Assembly to modify the law to accommodate its wishes.

All in 12 days.

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