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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

Newsmakers

Scott Forbes has been promoted to senior vice president, chief financial and accounting officer at Texas-New Mexico Power Company. Forbes joined Texas-New Mexico in 1996, and was most recently vice president, chief accounting and information officer. He also held accounting positions at Entergy Services.

Douglas Hobbs becomes senior vice president, chief operations officer of Texas-New Mexico Power Company, where he was most recently vice president-transmission and distribution. Hobbs, a registered professional engineer, was a power plant manager for TXU Electric, and a project manager with an energy consulting firm.

Texas-New Mexico Power Company has also named Joe Hegwood assistant controller. Hegwood will move to this position from his role as director of accounting, and previously director of finance.

CMS Energy has named Tom Webb chief financial officer, succeeding Alan Wright, who is moving to a new company.

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