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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

Deterrents to Midwest Manipulation Get Conditional Approval

LCG, Mar 17, 2003--A system created by the Midwest Independent System Operator Inc. to reduce the likelihood of market manipulation has been given conditional approval by the Federal Energy Regulatory Commission.

The proposal would allow adjustment of suppliers' bids downward if they exceeded threshhold levels and raised the market clearing price by the lower of 200% or $100 per megawatt-hour. Local areas would have differing threshhold levels based on the level of congestion and excess of supply relative to demand.

In addition, the Midwest ISO would fine generators if they did not bid into the real-time market and meet minimum operating levels, such that market clearing prices were affected. FERC did not allow a proposal to fine generators for not bidding into the day-ahead market, as there is no mechanism to compensate generators for providing on-line capacity.

The Midwest ISO would not decide on any penalties it imposed. Rather, they would be determined by an independent market monitor. The Midwest ISO and PJM (Pennsylvania-Jersey-Maryland Interconnection) are continuing to develop compatible sets of rules to allow integration of their markets.
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