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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

TVA Issues Update on Completion of Watts Bar Unit 2

LCG, October 30, 2013--The Tennessee Valley Authority (TVA) yesterday issued a quarterly update on the construction of the 1,180-MW, Watts Bar Unit 2 nuclear power plant, located in Spring City, Tennessee. TVA stated that the carbon-free, nuclear project remains on track for most likely completion by December 2015 and within a cost range of $4 billion to $4.5 billion.

TVA reports that safety performance is strong and the quality control acceptance rate is high. Furthermore, bulk construction is in the final phase, and the project is transitioning to complete work and prepare plant systems for pre-operational testing. TVA received a Nuclear Regulatory Commission (NRC) license for fuel to use in Unit 2, and the fuel deliveries commenced last summer.

The original construction on Watts Bar 2 started over 40 years ago in 1972. However, when load growth forecasts dropped in 1988, the unit was deferred. When Watts Bar 1 began commercial operations in May 1996, it became the last commercial nuclear unit in the United States to come on-line.

Construction on Unit 2 resumed in 2007. In April 2012, TVA announced problems with the project, and that the project approved by the TVA board in 2007 appeared "aggressive but doable? at that time. However, TVA further stated, ?The emerging estimate to complete Watts Bar Unit 2 will require additional funding of $1.5 billion to $2 billion, putting the total estimated cost of completion in the range of $4 billion to $4.5 billion. The estimated time to complete is between September and December of 2015."
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