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Holtec Achieves Milestone towards Restarting Palisades Nuclear Facility and Advances Plans to Build Two SMRs at Palisades Site

LCG, March 31, 2026--Holtec International yesterday announced that it successfully completed a milestone test necessary to return Holtec's Palisades Nuclear Generating Station to service. The 805-MW pressurized water reactor (PWR) is located in Michigan and was shut down by Entergy in May 2022. Holtec acquired the facility in June 2022 and has pursued a path to return the plant to service.

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Arbor Signs Agreement with GridMarket for 5 GW of Baseload Power

LCG, March 25, 2026--Arbor Energy today announced an agreement with GridMarket, an energy and infrastructure project facilitator, to deliver up to 5 GW of zero-emission power starting in 2029. GridMarket supports large energy users, including data centers, manufacturers, and logistics providers, with securing reliable and cost-effective power.

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Industry News

Feds Okay CP&L Takeover of Florida Progress

LCG, July 14, 2000--The pending takeover of Florida Progress Corp. by the holding company for Carolina Power & Light Co. has been approved conditionally by the Federal Energy Regulatory Commission and by the Department of Justice and Federal Trade Commission, CP&L Energy Inc. said yesterday.

FERC approved the combination on condition that the companies make a filing by October 15 of their plans to transfer operational control of their transmission facilities to an independent system operator or other regional transmission organization. The transfer would have to be accomplished by December 15 of next year.

In its ruling, FERC said "we find that applicants' proposed merger and mitigation commitments are consistent with the public interest. Accordingly, we will approve the merger without further investigation."

In a separate ruling, the Department of Justice and the Federal Trade Commission found no adverse effects on competition as a result of the acquisition.

William Cavanaugh, CP&L chief executive, said "Both companies are committed to FERC's vision for regional transmission entities, so we are confident we will complete this acquisition on schedule this fall." Cavanaugh will be chairman, president and chief executive of the new company formed by the merger.

The acquisition still must be approved by other federal and state regulatory agencies, including the Securities and Exchange Commission and the North Carolina Utilities Commission and by shareholders of both companies.

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