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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

NRC Issues Subsequent License Renewals for First Time to Nuclear Reactors in Florida

LCG, December 11, 2019--The Nuclear Regulatory Commission (NRC) staff recently approved Florida Power & Light's (FPL's) application for an additional 20 years of operation for Turkey Point Nuclear Generating Units 3 and 4. This is the first time the NRC has issued renewed licenses authorizing reactor operation from 60 to 80 years. The subsequent (or second) license renewals (SLRs) for Turkey Point Unit 3 and Unit 4 now expire on July 19, 2052 and April 10, 2053, respectively.

The Turkey Point Nuclear Generating Units 3 and 4 are located on Biscayne Bay, approximately 24 miles south of Miami and just east of the Homestead area. The first unit began commercial operation in 1972, and the second unit followed in 1973. The units are Westinghouse pressurized water reactors (PWRs) that provide a combined electric generating capacity of 1,632 MW.

FPL submitted the Turkey Point SLR application on January 30, 2018, amending the application with additional information through April 10, 2018. The initial operating license for a nuclear reactor covers 40 years. A 20-year license renewal may then extend operations to 60 years of operations. The SLR process determines whether an operating reactor can safely extend its license for an additional 20 years (from 60 to 80 years of operation).

Roughly half of the nation's nuclear power plants will need to obtain an SLR by 2040 to continue operations. NRC approval of the first SLR is an important milestone for the nuclear industry and its potential to provide carbon-free electricity to 2050 and beyond.
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