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Holtec Receives New Nuclear Fuel at Palisades for Planned Restart

LCG, October 20, 2025--Holtec International announced today that the Palisades Nuclear Power Plant site in Michigan has received new nuclear fuel – 68 assemblies in total – that achieves a major milestone on the path to restarting the plant. The 800-MW facility was shutdown and decommissioned in 2022 due primarily for economic reasons; however, Holtec is progressing towards restarting the original unit by the end of this year, pending all necessary federal regulatory reviews and approvals. Achieving a successful restart of a shutdown nuclear unit will be a historic first for the nuclear industry.

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Calpine Closes Texas Energy Fund Loan for 460-MW Pin Oak Creek Peaking Facility

LCG, October 14, 2025--Calpine Corporation today announced the close of a Texas Energy Fund (TxEF) loan agreement to support development of the Pin Oak Creek project, a 460-MW, natural gas-fired peaking facility adjacent to Calpine's Freestone Energy Center, a gas-fired combined-cycle facility located on approximately 506 acres near Fairfield, Texas.

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Industry News

Con Edison Wants New York Market Rules Tightened

LCG, March 5, 2001Consolidated Edison Co. of New York said Friday that it has asked the Federal Energy Regulatory Commission to tighten up wholesale electricity market rules in New York State to prevent power plant owners from exercising market power.

"The original market power mitigation measures were established before the New YorkIndependent System Operator became operational. As the market for electricity in New York has evolved, we can clearly see that there are some loopholes in those measures. This filing is aimed at closing the loopholes and providing customers greater protection against higher electricity prices when the marketplace is not competitive," said Kevin Burke, president of Con Edison.

Burke said the company has identified "loopholes" that could add as much as $20 million to the cost of wholesale power in some months.

Con Edison wants FERC to prevent in advance all the bad things California power producers have been accused of in hindsight. The company wants to prevent generators from "gaming" the system, wants protections on bidding behavior for must-run plants, wants to discourage plant operators from withholding power in order to drive up prices, and more.

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