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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

SoCal Edison Proposes Discounts for Struggling Businesses

LCG, Apr. 9, 2004--The California Public utilities Commission received a plan last week put forth by Southern California Edison that would allow the utility to grant discounts to medium-sized businesses that are able to show poor financial health, in order that Edison could retain those businesses as viable customers of the utility.

The plan would provide discounts starting at 25 percent in the first year, and incrementally smaller discounts for each of the next four years, with changes of 5 percent per year. The likely impetus behind Edison's proposal is an interest in deterring its customers from using direct access, which allowed businesses to pursue wholesale deals with competing suppliers until the California energy crisis. Bills have been introduced in the Legislature that would restore the ability of large energy users to make such deals.

PUC Commissioner Loretta Lynch articulated a concern that, if implemented, such discounts as the plan proposes could result in a transfer of costs to smaller, mostly residential users of electricity. Lynch said that efforts should be made to bring lower rates to all customer classes. If industrial customers were to leave Southern California Edison due to direct access, it could also result in higher costs for residential utility customers who remain.
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