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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

Ontario Makes the Shortlist

LCG, August 10, 2005--Ontario's Ministry of Energy announced yesterday that it was selected by Newfoundland and Labrador to proceed to the second phase of the bid evaluation of proposals to develop hydroelectric facilities to meet the provinces long-term, electric needs. Proposals from TransCanada Corp. and Tshiaskueshish Group, a consortium that includes Macquarie North America, Innu Development Limited Partnership, Peter Kiewit Sons and Innu Kiewit Constructors, will also proceed to phase two. The province received 25 submissions to its Expressions of Interest and Proposals (EOI) issued in January.

Ontario's proposal is a joint proposal with Hydro-Qubec and SNC-Lavalin to develop hydroelectric generation facilities that would add 2,824 MW of capacity on the Lower Churchill River in Labrador. The project, previously estimated by Hydro-Quebec to cost in the neighborhood of $9 billion, would include a 2,000-MW dam at Gull Island and an 824-MW dam at Muskrat Falls, about 40 miles downstream. Montreal-based SNC-Lavalin Inc. would be responsible for construction. Hydro-Qubec would accelerate construction of a 1,250-MW interconnection with Ontario so as to be in service by 2009. In addition, Hydro-Qubec has indicated a willingness to provide Ontario with 670 MW of power, which is Ontario's estimated share of Gull Island's generation, by 2011. The goal of the province of Newfoundland and Labrador is for the entire project to be operational by 2014.

The planned evaluation process is divided into a number of phases. The second phase of the process will address the feasibility of the proposals and related alternatives, as well as commercial aspects of the deal. Negotiations with the best candidates will follow in phase three, and final negotiations will occur in phase four. Three potential financing proposals will also proceed to phase two of process.

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