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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

Phillips, El Paso Plan LNG Deliveries to West Coast

LCG, March 8, 2001--Phillips Petroleum Co. said this morning it has signed a letter of intent with El Paso Corp. which contemplates development of a major liquefied natural gas project that would deliver approximately 4.8 million tons per year of LNG to growing gas markets in Southern California and Mexico's Baja California peninsula.

The agreement will accelerate Phillips' efforts to bring Timor Sea gas to market ahead of schedule, the company said.

Subsidiaries of the two companies have signed a letter of intent for the long-term purchase by El Paso of LNG from a plant to be built by Phillips near Darwin, Australia. A definitive agreement, expected to be signed by summer, provides for LNG sales to El Paso beginning in 2005.

The LNG would be shipped to North America, where it would be re-gasified and sold as about 680 million cubic feet per day of natural gas. Phillips said the plan will foster electric power, commercial and industrial development in Mexico's Baja California peninsula and provide a new source of natural gas supplies in growing Southern California markets. El Paso would be responsible for marketing the natural gas.

The two companies are also in the early stages of deciding where to put a new LNG receiving terminal on the California or Mexico coasts. They said they are working with the governments of both to explore permitting for such a facility.

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