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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

Babcock & Brown Ready to Proceed with Trans Bay Cable

LCG, August 17, 2007--Babcock & Brown announced yesterday that it received approval from the San Francisco Bay Conservation and Development Commission (BCDC) for its proposed Trans Bay Cable, a $450 million electric transmission project designed to improve grid reliability and service to San Francisco.

The proposed high voltage direct current (HVDC) cable will extend 53 miles from Pittsburg southwest to San Francisco via an underwater route in the San Francisco Bay and will be capable of delivering up to 400 MW into San Francisco. The City of San Francisco is otherwise dependent upon transmission lines extending up the San Francisco Peninsula from the south.

In September 2005, the Board of Governors of the California Independent System Operator (ISO) selected the project over other alternatives. With the approval from the BCDC, Babcock & Brown stated that the project is now scheduled to commence operations in 2010.

Babcock & Brown's partner in the project is the City of Pittsburg, which will own, operate and maintain the facilities.
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