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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

Regulators Boost Bangor Hydro Standard Offer Rate

LCG, July 26, 2000--Electricity customers of Bangor Hydro-Electric Co. who choose to stick with the utility instead of switching to a competitive supplier will be paying more for their loyalty under an order by the Maine Public Utilities Commission, the utility said yesterday.

Beginning August 1, rates for standard offer energy service for Bangor Hydro's residential andsmall commercial classes will be increased by about a tenth of a cent per kilowatt hour to around 4.6 cents per kilowatt hour. This increase will remain in effect until next February 28, the company said.

The utility figures the average householder, using 500 kilowatt-hours of electricity a month, will see his monthly electric bill go up by about fifty cents.

Bangor Hydros medium and large commercial customers will get hit four times as hard, with a four-tenths of a cent increase in their standard offer rate, but it will be only for one month, with the rate returning to the present level at least through next February 28.

The increase is an adjustment to reflect actual prices paid for wholesale power which exceeded by some $1 million the estimates made when the commission set standard offer rates in an administrative order on February 29 of this year.

Beginning March 1 next year, the rates will be those set by the regulators through a competitive bidding process the commission will conduct later this year.

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