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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

UtiliCorp Accused of Profiteering on Retail Gas

LCG, Dec. 7, 2000--Missouri regulators are investigating anonymous charges that UtiliCorp United Inc. made illegal profits on natural gas that it resells to 730,000 natural gas customers in five states, including Missouri.

An unsigned letter from a person claiming to be an employee of the utility charged that UtiliCorp's natural gas supply division, which purchases wholesale gas for resale to customers, was told it had to achieve an annual profit of about $10 million in a way that would not be detected by regulators.

As a regulated utility, UtiliCorp is prohibited from making a profit on retail gas unless an incentive system is in place for sharing profits with customers. No such program exists for UtiliCorp.

"I feel that these business practices are not appropriate and should be brought to your attention," the letter to the Missouri Public Service Commission said, noting that utilities in Missouri, Michigan, Minnesota, Iowa and Nebraska were affected by the practices.

The Missouri Public Service Commission found the allegations serious enough to justify an investigation. So did UtiliCorp, which is cooperating with investigators and conducting a probe of its own.

"While the allegations are anonymous and questionable, we nevertheless are taking them seriously," said George Minter, a UtiliCorp spokesman. The company said yesterday that it would not allow practices which were detrimental to ratepayers or against regulations. It expressed confidence that it will be found to have complied with regulations in spirit and to the letter.

Regulators is Iowa, Michigan and Minnesota have also opened investigations.

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