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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

New Jersey Utility Has Its Eye on Cinergy

LCG, March 9, 2001New Jersey-based Public Service Enterprise Group Inc. is in "advanced discussions" to acquire Cinergy Corp. of Ohio, according to this morning's edition of the Wall Street Journal.

The paper says the acquisition would cost PSEG more than $5.6 billion in stock plus $2.9 billion in assumption of long-term debt. That works out to a very small premium for Cinergy shareholders who would have to approve the deal.

In an attempt to confirm the deal, the Wall Street contacted PSEG spokesman Paul Rosengren who said "I don't make comments on deals that may or may not be under discussion."

Cinergy chairman and chief executive James Rogers could be a sticking point in a merger with PSEG. He is known to enjoy being top man and would want to run the combined companies, but would have to wait in the wings for perhaps as long as five years.

A former deputy general counsel for the Federal Energy Regulatory Commission, Rogers has proved adept at coping with changes in the electric market and would like the chance to run a bigger company. As long ago as 1996, musing about "convergence" among utilities, he asked metaphorically "Cinergy-Sprint? Why not?"

In the deal envisioned by the paper, Cinergy would take a back seat, even though it is the larger company in terms of revenues. PSEG would likely have eight of the 14 seats on the board and E. James Ferland, PSEG's chairman, president and CEO would run the show.

Now, if the transaction were structured so that Rogers were chairman and chief executive and Ferland were chairman emeritus, that would be something else.

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