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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

Dominion's Capps Urges Spent Nuke Fuel Site Completion

LCG, March 28, 2001Thomas E. Capps, chief executive of Dominion Resources Inc., said yesterday that the U.S. Department of Energy should move forward with building a permanent repository for spent fuel from the nation's nuclear power plants.

Speaking at a meeting of business economists, Capps said "The federal repository was supposed to be up and running more than three years ago. To date, the government has spent $6.8 billion and no repository is in sight."

The Energy Department has been studying the problem for 19 years and was to have begun accepting spent nuclear fuel for permanent storage in January of 1998 under a law which was enacted in 1982 and has at least twice been supported by court decisions.

Payment for the storage site, including the billions already spent on research, is funded by a surcharge on the electric bills paid by customers of utilities that own nuclear power plants. The DOE now says it could have the storage site at Yucca Mountain in Nevada ready to accept the spent fuel in 2010.

Currently, spent fuel from the nation's 104 reactors is stored on the power plant sites, and the companies are choking on the stuff. Dominion, which recently agreed to acquire the three-reactor Millstone nuclear complex from Northeast Utilities has more than most.

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