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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

Private Transmission Project to New York City Stalls

LCG, Mar. 1, 2004--Doubt among lenders about the revenue that could be earned by a privately owned transmission line supplying power to New York City has resulted in the developer, Conjunction LLC, cancelling a planned auction of transmission access to utilities and merchant power developers.

Had investors been willing to lend a total of $500 million, they could have gained access to the proposed Empire Connection line at capped rates. Nevertheless, the fact that the transmission line would have had no guaranteed reimbursement of the construction costs was discouraging to entities wishing to minimize their exposure to project risk, according to the Wall Street Journal.

If completed, the line would allow imports of up to 2,000 megawatts of power. Based on projections by the New York City Energy Policy Task Force, 2,600 megawatts of additional capacity is need to supply the city by 2008, or else power outages may be seen.
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