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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

FPL-Entergy Merger in Trouble, Companies Say

LCG, March 19, 2001FPL Group Inc. and Entergy Corp. said jointly this morning that their proposed merger has encountered "significant" difficulty and the companies would meet in the near future to address the issues.

In a brief statement, the two firms said without further elaboration "certain issues have arisen in connection with their pending merger, including governance structure/value-related issues and integration of the two companies going forward."

Allyson Orlando, an analyst with Lehman Brothers, which had rated Entergy as a "strong buy," said "We view this development as damaging to our investment thesis." Lehman cut Entergy back to "buy."

The merger would create the largest electricity distribution company in the U.S. The companies said they would have no further comment on the matter until after they meet.

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