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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

Fund Could Offset Energy Price Spikes in Edmonton

LCG, Feb. 6, 2002--Alberta's Revenue Minister said that representatives at a Future Summit Meeting discussed setting aside funds to be used when Alberta energy prices increase.

The minister, Greg Melchin, said that the existing Heritage Fund, created in 1976 to accumulate surplus energy revenues, could be used to make sure that other budgetary priorities are not impacted by high energy prices. It would also assist in maintaining reliable electric service, said Melchin.

The government did not approve similar proposals made in prior years, but the idea was revived during the two-day Future Summit's coverage of fiscal matters. A report by the Institute of Chartered Accountants of Alberta suggested that Alberta's remaining debt could be paid off with $6 billion, and that $3.5 billion could be used for the stabilization fund. The value of the Heritage Fund currently stands at $12 billion, and would receive additional funds from surplus revenues when they occurred.

While the conference proceedings suggested that support exists for countering boom-and-bust energy prices' effects, Melchin said that the province would need to "bring clarity" concerning Heritage Fund transactions.
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