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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

Cinergy to Resume Development of 130 Megawatt Indiana Peaker

LCG, April 25, 2001--Cinergy Capital & Trading Inc., the merchant power unit of utility Cinergy Corp., said yesterday it has received approval from the Indiana Utility Regulatory Commissionfor construction of a 130 megawatt gas-fired electric peaking facility near Cadiz, northeast of Indianapolis.

The commission had halted development of the project in March 2000, but Cinergy said construction would restart "promptly" with the first units scheduled to be on line this July. Total cost of the project will be around $70 million.

Indiana regulators placed several conditions on their order. The facility must be operated only with natural gas and should be landscaped so that its appearance is similar to other non-residential facilities in the area, and Cinergy will have to make sure the plant doesn't cause any problems with its neighbors' well-water.

Cinergy said 50 megawatts of the plant's output will be sold under a 20-year contract to the Wabash Valley Power Association and the balance will be sold into the regional wholesale market.

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