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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

Cinergy to Buy Two Enron Plants in Southeast

LCG, Dec. 13, 2000--Cinergy Corp. said yesterday that a subsidiary and Enron North America have signed an agreement for Cinergy Capital & Trading inc. to purchase for an undisclosed sum two natural gas-fired merchant electric generating facilities located in the southeastern United States.

"This acquisition in combination with our recently deregulated Ohio generation and the peakingcapacity added early this year creates for Cinergy a significant and balanced generation portfolio ofbaseload and peaking capacity," said James E. Rogers, president and chief executive of Cinergy Corp.

The acquisition consists of Enron's 494 megawatt Brownsville generation facility located inHaywood County, Tennessee and the 504 megawatt Caledonia generation facility located inLowndes County, Mississippi, both of which entered into service in June 1999.

Both facilities are located in the Southeastern Electric Reliability Council region and are interconnected to the Tennessee Valley Authority transmission system.

The completion of the acquisition is subject to, among other things, receipt of approval of theFederal Energy Regulatory Commission and expiration of the waiting period under theHart-Scott-Rodino Antitrust Improvements Act of 1976. Cinergy said it expects that regulatoryapprovals would be obtained and the transaction will close in the spring of next year.

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