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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

Agreement Reached on Proposed LNG Terminal

LCG, May 21, 2003--A location for a potential liquified natural gas (LNG) terminal has been agreed upon by Mitsubishi Corp.'s Sound Energy Systems (SES) and the Port of Long Beach, which together signed a letter of intent pursuant to building on the site.

If built, the terminal would be capable of supplying about 9 percent of the daily demand for natural gas in California, or 700 million cubic feet. Deliveries would be made by ship, in super-cooled vessels. SES spokesman Tom Giles said he believes the next step will be to apply for approval from the Federal Energy Regulatory Commission.

A slowdown in new production at domestic gas fields and the fact that most new generating units are gas-fired has spurred this and other proposals for the West Coast. The imported gas would be expected to come from Asia, and could not only be used for power production but provide fuel for fleets of LNG-powered vehicles, a unique feature. Discussion are now underway on a possible contract for arranging gas supply to Long Beach Energy, a utility.
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