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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

Davis-Besse Repairs Increase in Cost and Duration

LCG, Oct. 7, 2002--Repairs underway at the Davis-Besse nuclear power plant in Ohio will require that the plant be out of service until early next year, and are expected to cost owner FirstEnergy more than $100 million above what was originally estimated.

The cost of installing a new reactor head, estimated at between $55 million and $75 million, will remain the same, according to the company. This year's work necessary to bring the plant online will likely increase in cost by $65 million, while next year's follow-up maintenance is seen as incurring $50 million more in expenses than previous estimates.

While the plant is out of service, FirstEnergy has a supply of energy to replace the nuclear plant's output, due to hedging. Of the repairs being performed, only the new reactor head will be capitalized. A leak of boric acid resulted in a hole within the protective reactor head.
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