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SPP and Member Utilities Successfully Achieve Western Expansion Milestone

LCG, April 2, 2026--Southwest Power Pool (SPP) today announced that the expansion of its service territory into the Western Interconnection has been a success. The milestone makes SPP the first regional transmission organization (RTO) with services spanning the Eastern and Western Interconnections. Its member organizations, which cover all or part of 17 states, can now benefit from a more operationally and geographically diverse integrated system.

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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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Industry News

California Power Costs put Utility $1.97 Billion in Hole

LCG, Sept. 26, 2000--The inability of Southern California Edison Co. to charge customers for the full cost of electric power the company delivers has put the utility $1.97 billion in the hole, according to an 8-K filing with the Securities and Exchange Commission by its parent Edison International Inc.

Because of electric industry restructuring in California, SoCal Ed sold off its power plants, except for the San Onofre nuclear power plant, and must by law purchase power through the California Power Exchange, where it pays market prices. The same law that restructured the industry placed a lid on the price SoCal Ed can charge its customers for electricity.

The utility pays the higher price at the power exchange and charges the lower price to its customers, a problem that began in May and will continue at least through this month.

SoCal Ed says that its ability to get its $1.97 billion back depends on favorable regulatory actions, as well as such iffy things as weather, the market prices of natural gas and electricity and economic conditions in general.

If it looked like the company was not going to be able to recover the undercollection, it would be required to write off the unrecoverable portion as a charge against earnings. In that case, the company's shareholders -- even those living in Vladivostok -- would be subsidizing California consumers.

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