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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

PG&E Corp. Can Wait on Repayment

LCG, August 5, 2002-Pacific Gas and Electric Corporation, parent company to the California PG&E utility, announced that it has been given waivers by some of its lenders.

Early today, Moody's Investors Service brought the corporation's rating down to "junk," and lenders to the PG&E utility said that repayment of major loans would be postponed through August 16 as long as the merchant energy affiliate PG&E National Energy Group has an investment-grade credit rating.

PG&E Corporation has some $1.3 billion in loans from several sources, including General Electric Capital Corporation and Lehman Commercial Paper.

The corporation has announced that it finds itself capable of meeting its loan requirements of the next year.

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