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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

Calpine to Buy Otay Mesa Project from PG&E Unit

LCG, Dec. 19, 2000--Calpine Corp. and PG&E Corp. announced yesterday that they have reached agreement for Calpine to acquire the 500 megawatt Otay Mesa Generating Project in San Diego County.

Under the terms of the agreement, Calpine will build, own and operate the merchant power plant and PG&E's National Energy Group will contract for up to 250 megawatts of the project's output. The two companies said they were committed to bringing the plant on-line as soon as possible -- at least by the summer of 2003.

"The Otay Mesa Generating Project will be the first new power plant built in San Diego County inalmost 30 years," said Thomas B. King, president and chief operating officer of the PG&E unit's west region. "As we saw last summer, when a shortage in generating capacity led to high prices for consumers, there is a clear need for new generating capacity in the region."

The plant will be built within a 46-acre parcel located on Otay Mesa, about a mile and a half from the Mexican border. The project is in the final stages of review by the California Energy Commission, which is expected to decide in early 2001 whether to issue a license for construction. Construction is expected to begin in the third quarter of next year, unless the commission decides its power isn't needed.

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