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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

Bankruptcy Court Okays PG&E Payment to Calpine

LCG, Dec. 26, 2001--Calpine Corp. said Monday that the U.S. Bankruptcy court in San Francisco has approved payment of more than $265 million by Pacific Gas & Electric Co. for electricity sold to Calpine between December 2000 through April 2001.

Calpine said without elaboration that the back bills were those of its "qualifying facility" affiliates. The company was likely referring to The Geysers, 14 geothermal power plants purchased from PG&E in May, 1999 for $212.8 million.

The Geysers, located about 90 miles northeast of San Francisco in Sonoma and Lake counties, is the world's largest producing geothermal resource, with more than 1,000 megawatts in production. It has been in operation for 39 years and Calpine has been active there since 1987.

The court's order calls for PG&E to make monthly payments to Calpine beginning this coming December 31 and continuing until the earlier of Nov. 30, 2002, or the date when PG&E's plan of reorganization becomes effective.

Calpine said it planned to sell the receivables in order to generate cash proceeds in this calendar year.

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