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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

SoCal Ed 'Bailout' Dying a Slow Death

LCG, Aug. 21, 2001--When California Gov. Gray Davis announced last April that he had arranged a deal with Southern California Edison Co. for the state to purchase the utility's transmission assets for $2.76 billion and thus provide SoCal Ed with money to pay some of its enormous debt, there were a couple of important conditions.

One, the deal had to be done by August 15, and two, the arrangement agreed to between the governor and the company were not subject to alteration. The governor even got into a shouting match with a lawmaker over the second provision, with Davis using language that would make a sailor blush.

The deadline came and went with the state legislature on its summer recess, but SoCal Ed, grasping at straws as bankruptcy stares it in the face, said it would wait until the lawmakers returned.

Today, Davis is expected to offer a "compromise" plan to the Assembly Democrat caucus that SoCal Ed may find hard to swallow.

Gone would be the deal to buy the utility's transmission system, though it would remain an option. In place of the $2.76 million, the state would allow SoCal Ed to issue up to $2.9 billion in revenue bonds -- tax exempt bonds guaranteed by the company's future collections from ratepayers -- and use that money to pay some of its bills, but the state would say which bills.

SoCal Ed would use some of the bond proceeds to pay off so-called "qualifying facilities," independent power producers created by the national Public Utility Regulatory Policies Act of 1978, but not the independent power producers who purchased generating facilities belonging to the state's investor-owned utilities. The company would have to find its own resources to pay the $1 billion it owes the latter.

The "compromise" aligns the utility's "rescue plan" with legislation passed last month by the state Senate and dismissed at that time as "unacceptable" by Southern California Edison. But it has been passed by the Senate and shows signs of progress in the Assembly.

And that looks as though it is as close as Davis is going to get to his original agreement with SoCal Ed.

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