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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

KCP&L's Cost Estimate for New Coal Unit Rises

LCG, May 9, 2008--Kansas City Power & Light (KCP&L) yesterday released a new, increased cost estimate for Iatan 2 of $1.82 - $1.92 billion, or about a 15 percent increase from the most recent estimates of December 2006. Prior to an increase in the design capacity, a "preliminary conceptual" estimate prepared in 2005 targeted the cost at $1.3 billion. Construction of the 850-MW, coal-fired unit located near Weston is scheduled for completion in the summer of 2010.

KCP&L president Bill Downey stated, "I think this is as good and accurate of a forecast as can be put together....This is an industry under extreme pressure with regard to labor (and material) costs." When more of the project engineering is completed at the end of the year, a new cost estimate may be released.

The head of the Missouri Office of Public Counsel stated that the new cost estimate should not be accepted without careful review.

KCP&L, a wholly owned subsidiary of Great Plains Energy Inc., owns 70 percent of Iatan 1 and 55 percent of Iatan 2, which is co-owned with Aquila and Empire District Electric.
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