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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

CP&L-Florida Progress Merger to Close Thursday

CP&L, Sets Closing Date for Florida Progress Takeover
LCG, Nov. 27, 2000--CP&L Energy Inc. said in a its acquisition of Florida Progress Corp. is scheduled to close on Thursday, pending receipt of regulatory approval from the Securities and Exchange Commission under the Public Utility Holding Company Act.

The company said in its statement "Florida Progress shareholders will receive $54 in cash or CP&L Energy common stock, plus one Contingent Value Obligation related to cash flows from certain synthetic fuel plants, for each share of FPC stock. Florida Progress shareholders have the right to elect cash or CP&L Energy common stock having a value of $54, subject to proration if the elections exceed 65 percent in cash or 35 percent in stock."

Florida Progress shareholders have until 5:00 p.m. New York time tomorrow to make up their minds, the company said.

CP&L claims the combination will create one of the nation's 10 largest energy companies based on a generating capacity of more than 19,000 megawatts and 2.8 million customers in the Carolinas and Florida.

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