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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

New Power Draws Attention of PUC for Billing Practices

LCG, Sep. 16, 2002--The New Power Co., part of an Enron subsidiary created in 1999, may be fined $3.91 million by the Public Utility Commission of Texas due to its failure to itemize charges on bills sent to power and gas customers.

Bills sent to thousands of customers were said by PUC staff to contain unexplained charges for past costs incurred by New Power for transmission and distribution service. While New Power apparently experienced some delays in being billed for such services itself, rules set by the PUC do not permit charges for items more than six months old. Power costs were shown without reference to quantity used by the customer or the price for given quantities of usage.

The suggestion by the Texas PUC staff to fine the company is not likely to yield any payment by the company, which was meant to serve customers in deregulated power and gas markets. New Power and its parent NewPower Holdings, Inc. have already filed for bankruptcy. Possible billing violations by New Power's Pennsylvania operations are also under investigation.
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