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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

Avista to Build 280 Megawatt Oregon Power Plant

LCG, July 24, 2000--Avista Corp. said this morning a subsidiary will build a 280 megawatt natural gas-fired, combined-cycle power plant at the Boardman, Ore., Coyote Springs generating station owned and operated by Protland General Electric Co.

Avista Power LLC purchased the rights to the project from Enron North American and Portland General Electric. Avista said acquisition of the development rights represents "an important milestone."

"This project is vital to our strategic drive to expand our generation portfolio while providing acritical economic resource to this fast growing region. The turbulent evolution of the energy businessin the Pacific Northwest points to the need to dramatically expand new power generation in thisregion," said T. M. Matthews, chairman, president and chief executive.

Matthews should know. He watched as Avista's earning plummeted to the breakeven point in the second quarter this year because his company didn't have enough power to serve its native load. The manager of a California power plant told EnergyOnline Daily News at the time that Avista was offering $785 per megawatt-hour, at a time when the California rate cap was $750 for wholesale power.

Avista said engineering and procurement for Coyote Springs 2 are under way and the project is expected to be completed in June 2002. Terms of the acquisition were not disclosed.

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