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SPP and Member Utilities Successfully Achieve Western Expansion Milestone

LCG, April 2, 2026--Southwest Power Pool (SPP) today announced that the expansion of its service territory into the Western Interconnection has been a success. The milestone makes SPP the first regional transmission organization (RTO) with services spanning the Eastern and Western Interconnections. Its member organizations, which cover all or part of 17 states, can now benefit from a more operationally and geographically diverse integrated system.

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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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Industry News

Energy Company Executive Backs Derivatives Bill

LCG, July 10, 2002--The chairman of Aquila, Inc., Richard C. Green, Jr., testified today at a Congressional committee hearing that he sees energy derivatives as "no less important to the energy industry" than they are to the agricultural industry.

Green told the Senate Agriculture, Nutrition and Forestry Committee today that derivatives allow risk to be distributed to those who are willing to accept it, and minimized for others who want to manage it. Speaking on legislation proposed by Sen. Diane Feinstein, D-Calif., that would regulate trading of derivatives and make the energy derivatives market subject to greater disclosure, Green said, "It is critical for bodies, such as this Committee, to work quickly to remove uncertainty from the markets, to make corrective remedies where warranted, and to allow the energy industry to get back to the business of building critically needed infrastructure."

The Aquila chairman stated that he supports the most recent form of the Feinstein bill, "as it provides the necessary safety nets to restore public trust while not impeding the dynamics of this marketplace." Green said that futures, options and swaps, "have been shown to be a critical factor in investment and growth of the economy." Aquila, which last year expanded its trading operations, has undertaken a significant corporate restructuring in order to maintain its credit rating, shedding most of its energy trading activity and personnel.
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