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SPP and Member Utilities Successfully Achieve Western Expansion Milestone

LCG, April 2, 2026--Southwest Power Pool (SPP) today announced that the expansion of its service territory into the Western Interconnection has been a success. The milestone makes SPP the first regional transmission organization (RTO) with services spanning the Eastern and Western Interconnections. Its member organizations, which cover all or part of 17 states, can now benefit from a more operationally and geographically diverse integrated system.

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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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Industry News

Duke to Acquire Canada's Westcoast Energy

LCG, Sept. 21, 2001--Duke Energy Corp., on of the largest U.S. utilities, said yesterday it would acquire Canada's Westcoast Energy Inc. for about $3.5 billion.

Westcoast operates natural gas gathering, processing, storage and transmission facilities in Canada, and its acquisition will significantly expand Duke's North American gas business.

"This acquisition greatly enhances the balance and diversity of our portfolio of energy assets and provides us with additional growth opportunities to serve North America's expanding energy needs," Richard Priory, Duke's chief executive, said in a company statement announcing the deal.

Later, in a telephone news conference after the deal was announced, Priory said "We see the tremendous need to expand the natural gas infrastructure across North America. This combination will position ourselves to take a lead role to develop that infrastructure."

Duke said the transaction is expected to close early next year and should add to earnings immediately. Michael Phelps, chairman and chief executive officer of Westcoast, will become a member of Duke board of directors.

"The Westcoast Energy board of directors fully supports this combination and will recommend it to shareholders," said Phelps. "The bid represents a significant premium to our recent share price at a time when Westcoast Energy shares are trading at record highs, and it offers current Westcoast shareholders an opportunity to participate in the future growth prospects of Duke Energy, a leading multinational energy powerhouse."

Under terms of the deal, Duke will pay for all of the outstanding shares of Westcoast with a combination of stock and cash.

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