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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

EU Regulators Okay Montedison Takeover

LCG, Aug. 28, 2001--European Union regulators this morning tentatively approved the takeover of Italy's second-largest utility Montedison by Fiat and Electricit de France, but warned that they would reopen the case if EdF begins to exercise control.

"The takeover will not adversely affect competition in the Italian electricity market," the European Commission said in a statement. "Montedison will be controlled by Fiat and the latter has only a small activity in the electricity sector."

But the EU is cautious about EdF's intentions. It is Europe's largest power company and owns 18 percent of Italenergia, the bidding vehicle being used by it, Fiat and a group of banks to acquire Montedison.

The Italian government, more than cautious about EdF's intentions, passed legislation in May to limit the French company's voting rights to 2 percent. Eventually, Italenergia agreed to "voluntarily" accept the 2 percent limit on EdF's vote.

"At the moment it is no doubt that EdF does not have any control, any influence over Italenergia," said European Commission spokeswoman Amelia Torres. "Two percent would not give anyone control."

EdF has earned the watchfulness of the Commission. The French national monopoly was a year late in opening up its own market to competition and then did so to the minimum allowable extent. It has also been aggressive is purchasing utilities in other European nations while denying entry to its own.

The Commission is currently investigating complaints that France provides state aid to EdF, which gives it an unfair competitive advantage, which is against EU rules.

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