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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

UK's Centrica Buys Enron's European Energy Retailer

LCG, Dec. 5, 2001--Centrica Plc, Britain's largest natural gas supplier, said yesterday it had agreed to buy Enron Corp.'s European retail arm Enron Direct for 96.4 million ($137.1 million U.S.).

Enron Direct serves about 160,000 commercial customers with long-term contracts stretching out as much as five years.

PriceWaterhouseCoopers, the accounting firm appointed last week as administrator for Enron Europe, agreed to Centrica's offer, which exceeded rival bids by Electricit de France and British utility Innogy.

Mike Alexander, managing director of the British Gas Trading subsidiary, said "This provides an ideal platform for advancing our plans for the commercial market. These long term customers represent an attractive additional market segment for Centrica."

Earlier, EdF seemed to be counting its chickens before they were hatched. Gerard Wolf, director of the French utility's chairman's office, had said "Enron Direct would fit well with our London Electricity business."

There remains a possibility that EdF could bid for Enron's 1,875 megawatt natural gas-fueled Teesside power plant in England. "We need to be more balanced in the UK. We need more generation," Wolf said.

Most of Enron Direct's business is in the UK, but there are small Spanish and Dutch units, Enron Directo and Enron Direkt.

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