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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

Lawmakers Consider Enron Role in California Crisis

LCG, Jan. 16, 2002--The California Senate Rules Committee may compel Enron Corp. officials and Arthur Andersen representatives to provide sworn testimony concerning documents dealing with last year's power market crisis.

The legislators on the committee realize that such documents may have been destroyed when Arthur Andersen Accounting received a subpoena from the Securities and Exchange Commission. The partner in charge of Enron audits, David Duncan, has been discharged by Arthur Andersen. The investigation Senate members are conducting into possible market manipulation during California's power crisis could be aided by some of the same documents.

Sen. Joe Dunn, D-Santa Ana, who chairs a special Senate task force on price manipulation, told the Sacramento Bee that Enron submitted 133,464 documents to the Rules Committee in response to subpoenas, after failing to comply for months. In September, it turned over documents with under a confidentiality agreement. Dunn told the Sacramento Bee the documents were "woefully inadequate" in satisfying the subpoena.

Dunn further said the "destruction of any documents that were under subpoena from this legislative committee is a violation of California law," and that if it had taken place, the committee would "take all necessary action that is available to us."

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