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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

Sithe Obtains Financing for Goreway Station in Ontario

LCG, February 3, 2006--Sithe Global Power LLC announced yesterday that its subsidiary, the Goreway Station Partnership, has closed financing on an approximately C$942 million construction facility for the 880 MW Goreway Station, located near Toronto. An engineering procurement and construction agreement with SNC-Lavalin Power Ontario Inc. has also been executed for the new power plant.

The Goreway Station will be a gas-fired, combined cycle plant that will incorporate General Electric's 7FB gas turbines. The station is scheduled to begin delivering power to the grid by June 2007 in single cycle mode, with full output from the combined cycle mode scheduled to occur by July 2008.
The station output will be purchased by The Ontario Power Authority (OPA), which has entered into a 20-year agreement with respect to the full output of the station. The additional power supply is critical given government commitments to retire existing coal plants and reduce emissions, including greenhouse gases.

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