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Holtec Receives New Nuclear Fuel at Palisades for Planned Restart

LCG, October 20, 2025--Holtec International announced today that the Palisades Nuclear Power Plant site in Michigan has received new nuclear fuel – 68 assemblies in total – that achieves a major milestone on the path to restarting the plant. The 800-MW facility was shutdown and decommissioned in 2022 due primarily for economic reasons; however, Holtec is progressing towards restarting the original unit by the end of this year, pending all necessary federal regulatory reviews and approvals. Achieving a successful restart of a shutdown nuclear unit will be a historic first for the nuclear industry.

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Calpine Closes Texas Energy Fund Loan for 460-MW Pin Oak Creek Peaking Facility

LCG, October 14, 2025--Calpine Corporation today announced the close of a Texas Energy Fund (TxEF) loan agreement to support development of the Pin Oak Creek project, a 460-MW, natural gas-fired peaking facility adjacent to Calpine's Freestone Energy Center, a gas-fired combined-cycle facility located on approximately 506 acres near Fairfield, Texas.

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Industry News

Neptune Undersea Cable from PJM to Long Island Activated

LCG, July 3, 2007--The Neptune Regional Transmission System, LLC announced yesterday that it has completed extensive testing and activated a new, high voltage direct current (HVDC) transmission line between Sayreville, New Jersey, and Long Island, New York. The cable provides the Long Island Power Authority (LIPA) access to receive additional electricity from PJM to manage power costs and improve reliability.

The completion of the Neptune project allows 660 MW at a DC voltage of 500 kV to flow via an HVDC cable, with 51 miles of the cable underwater and 14 miles under land. Electricity from the PJM grid is converted from AC to DC power at the Sayerville converter station. The energy is transmitted to the Duffy Avenue converter station on Long Island, where the power is converted back to AC power for distribution across Long Island.

The estimated cost of the Neptune project is $600 million. Neptune Regional Transmission System LLC, the owner and operator of the transmission system, will place the system at the control of LIPA.



















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