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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

AES Proposes 510 Megawatt Long Island Plant

LCG, Nov. 30, 2002--AES Corp. said yesterday that it is in negotiations with the Long Island Power Authority to build a 510 megawatt power plant to help ease possible electricity shortages facing more than a million customers in Nassau and Suffolk counties in New York.

"We've had some discussions with LIPA to build a power plant on Long Island. Those discussions are now becoming more serious," said Dan Rothaupt, an AES official.

The proposed plant would be built at either of two Suffolk County sites -- one in Smithtown or the other in Yaphank. "Sometimes there's a problem building a plant at one site. We're proposing two sites so we have a backup," said Rothaupt, who stressed "We're only looking to build one plant."

Last month, LIPA Chairman Richard Kessel said "Long Island cannot afford to go through another summer without adding a significant amount of new on-island generating capability."

In the past two years, more than 9,000 megawatts of new generation has been proposed for long island, but so far, only 44 megawatts of new capacity has been put into service.

In a filing with the New York Independent System Operator, AES proposed an in-service date of 2005 for the new plant.

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