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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

Nevada Power Files for Lower Rates

LCG, Nov. 14, 2002--Projections of continued low wholesale power prices have led Nevada Power to file for a 5.3 percent decrease in rates with the Nevada Public Utilities Commission.

The rate filing also includes costs for expensive power previously purchased on the spot market during the Western energy crisis, but not fully paid for by Nevada Power. The chairman and chief executive of Sierra Pacific Resources, the parent company of Nevada Power, Walt Higgins, said that he believes that with the current supply situation, this would be a good time for the utility to sign long-term contracts, in order to minimize future rate volatility.

The Southern Nevada Water Authority, which has offered to buy Nevada Power, has indicated that if it can acquire the electric utility, it would be able to lower rates by over 20 percent, based on a superior credit rating and lower borrowing costs.

Based on Nevada Power's filing, the change in a household bill for 1,250 kWh would amount to a decrease of about $6.39, bringing the total to $109.69, according to the company. Possible offsets to a decrease could come if a $229 million lawsuit brought by an Enron subsidiary over energy contracts which were canceled by Nevada Power is successful.
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