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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

Enron's Fastow Surfaces -- Not Much to Say

LCG, Dec. 13, 2001--Andrew Fastow, the formerly missing former chief financial officer of Enron Corp., was put on display at a Houston news conference yesterday by super-litigator David Boies, but he was limited by his lawyers in what he could say.

"Hello. Happy holiday season. Thank you for coming," Fastow said, exactly as instructed.

At the same time, lawyers from the Attorney General's Office and the Securities and Exchange Commission who thought Fastow was supposed to be talking to them asked a federal judge to enforce an October 31 subpoena to which Fastow had not responded.

"This is not a situation where he is not going to be available," Boies said, acknowledging that the sole purpose of the Houston press conference was to show that the former Enron executive had not fled the country. "Mr. Fastow will be responding to a variety of inquiries from a variety of government agencies," Boies said.

When reporters asked if Fastow had been out of the country in the past two months, Boies said the question was irrelevant.

When Fastow failed to meet with SEC officials and lawyers from the Justice Department, the SEC asked a federal judge in Washington to enforce its October subpoena and the Justice Department rescheduled the meeting. Neither move seemed to impress Boies.

"We told the SEC we would be happy to present Mr. Fastow, however we were not going to be in a position to turn him over to the SEC on 48 hours notice," Boies said, adding "People know that Mr. Fastow is available, but he is not going to be available on 48 hours notice."

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