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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

Power Crisis Drives Service Provider from California Market

LCG, Dec. 21, 2000--New West Energy, the first energy service provider licensed to compete in California's deregulated electricity market, said yesterday it will get out of the retail electricity market in the state and turn its customers back to their local utilities.

"If you can't stand the heat, get out of the kitchen," President Harry S. Truman said.

New West said the move is in response to recent regulatory changes and the growing financial uncertainty of California's two largest utilities, Pacific Gas & Electric Co. and Southern California Edison Co., both of which have incurred billions of dollars in excess power purchase costs.

"The regulatory changes, current supply shortages, price volatility and the vulnerability of the utilities have had the effect of imposing unmanageable financial risks to energy service providers, including New West Energy," said managing director Robert S. Nichols, clearly feeling the heat.

Nichols said New West would become an "energy advisor." These days, everyone is an energy advisor.

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