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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

El Paso Energy Completes Merger With Coastal

LCG, Jan. 30, 2001--El Paso Energy Corp. said yesterday that it completed its $24 billion merger with The Coastal Corp. following Federal Trade Commission clearance for yesterday's announcement. The company says it is now the fourth-largest U.S. energy company.

"This merger is a transforming event for both El Paso Energy and Coastal," said William A. Wise,chairman, president, and chief executive.

As part of the Federal Trade Commission approval of the merger, the company has agreed to divest its ownership in five pipeline systems as well as Coastal's ownership of the Gulfstream natural gaspipeline project.

In addition, subsidiary El Paso Energy Partners will divest certain offshore assets and its 33.92-percent interest in the Nemo gathering project, which is currently under construction.

Coastal shareholders will receive 1.23 shares of El Paso Energy common stock for each share ofCoastal common stock and Class A common stock on a tax-free basis. Coastal's outstandingconvertible preferred stock will be exchanged for El Paso Energy common stock on the same basisas if the preferred stock had been converted into Coastal common stock immediately prior to themerger.

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