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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

CA Attorney General Says Gaming of Power Market Still Possible

LCG, Apr. 13, 2004--Market manipulation of "epidemic" severity is still a possibility in California's power market, the state's attorney general Bill Lockyer maintains in a newly released report.

"The incentives to game the market and create disruption appear, for the most part, to remain in place," the report states. According to the findings in the report, neither the state nor the Federal Energy Regulatory Commission has put in place policies that will effectively deter attempts at manipulation.

The report criticizes a rule established by the FERC that restricts requests for refunds to sixty days after the occurrence of alleged overcharges and the filing of a complaint. The FERC did not recognize as eligible the state's claims that manipulation had occurred between May 2000 up to October 2000, based on the rule. In the report, it is argued that refund requests be considered without the waiting period.

Poor relations between the FERC and California officials do not show any signs of dying down. Bryan Lee, a FERC spokesman, called the attorney general's report "a cheap political stunt" in which California paid scant attention to its own poor job of market design.
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