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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

NRG to Buy 4 First Energy Coal Burners

LCG, Nov. 30, 2001--NRG Energy Inc. said yesterday it had agreed to buy four coal-burning power plants with a combined capacity of 2,535 megawatts from First Energy Inc. for $1.5 billion.

As part of the deal, First Energy will purchase power from the plants through 2005, which means the utility won't be forced into the wholesale power market to meet its native load. In California, utilities were prevented from entering into long-term supply contracts with purchasers of their plants and were required by law to purchase power through a state-operated spot market.

NRG will pay First Energy $1.36 billion cash and assume $145 million in debt. The company said the transaction should close in the second quarter of next year and add immediately to earnings.

First Energy President Anthony Alexander said the plants sold were all along Lake Erie, near Cleveland and Toledo, Ohio. He said the company would now concentrate on its power plants in the Ohio River Valley.

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