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Holtec Receives New Nuclear Fuel at Palisades for Planned Restart

LCG, October 20, 2025--Holtec International announced today that the Palisades Nuclear Power Plant site in Michigan has received new nuclear fuel – 68 assemblies in total – that achieves a major milestone on the path to restarting the plant. The 800-MW facility was shutdown and decommissioned in 2022 due primarily for economic reasons; however, Holtec is progressing towards restarting the original unit by the end of this year, pending all necessary federal regulatory reviews and approvals. Achieving a successful restart of a shutdown nuclear unit will be a historic first for the nuclear industry.

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Calpine Closes Texas Energy Fund Loan for 460-MW Pin Oak Creek Peaking Facility

LCG, October 14, 2025--Calpine Corporation today announced the close of a Texas Energy Fund (TxEF) loan agreement to support development of the Pin Oak Creek project, a 460-MW, natural gas-fired peaking facility adjacent to Calpine's Freestone Energy Center, a gas-fired combined-cycle facility located on approximately 506 acres near Fairfield, Texas.

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Industry News

Enron Suspended from Texas Power Grid

LCG, Dec. 4, 2001--The Electric Reliability Council of Texas has suspended Enron Corp.'s access to the Lone Star State's transmission system, cutting off at least temporarily the company's ability to move electric power within its home state, Reuters news agency reported yesterday.

"Enron was put on sort of an informal credit watch when it was clear that they were starting to have some problems," explained Tom Noel, ERCOT president. "They indicated to us late last week that they were not going to be able to 'upgrade' their security and were going to lose their status as a Qualified Scheduling Entity."

ERCOT, one of 10 regional councils of the north American Electric Reliability Council, is also the Texas independent system operator, managing nearly 85 percent of the state's grid. The agency requires any energy wholesaler moving power on its lines be listed as a Qualified Scheduling Entity, or QSE, which shows it has met basic asset and credit requirements.

"The QSE's are the party that we deal with. We do not deal directly with the retailers, that's why we're very careful about (their credit worthiness)," Noel told Reuters, stressing that Enron was not banned forever.

"If someone loses their capability to become a QSE, they can restore it essentially immediately if they can demonstrate they've met the credit requirements. It's not, 'You're kicked out forever,"' Noel said, but added that if the suspension lasts longer than 72 hours, any company scheduled to receive power would be free to seek other providers.

If Enron were to eventually restore its standing with ERCOT, the company might have to win back that business, Noel cautioned.

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