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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

AES Buys Control of Chile's Number 2 Power Firm

LCG, Dec. 29, 2000AES Corp. said yesterday that it has acquired 61.57 percent interest in the number two electric generating firm in Chile for $841 million. AES bought nearly 3.5 billion shares of Gener in an auction on the Santiago Stock Exchange.

AES first made a tender offer for Gener two months ago and then, on December 12, sweetened its offer to attract more sellers of Gener stock. Coupled with its $16.50 offer for Gener's American Depositary Shares, AES' total bid is for 80 percent of the Chilean company at a cost of about $1.1 billion.

Under a new Chilean law, AES must now make an offer for the balance of Gener shares. The law requires any investor acquiring two-thirds of a Chilean firm to take complete control. AES acknowledged the law earlier this week and said it would do just that.

Naveed Ismail, AES director for Latin America, told a news conference yesterday "Today we acquired 61.57 percent of Gener and tomorrow (today) probably we ought to be buying another 25 percent which will give us close to 90 percent of the company's share capital."

Ninety percent of Gener works out to a $1.3 billion investment for AES.

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