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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

McCain and Lieberman Back Greenhouse Gas Caps

LCG, Jan. 8, 2003--Today marks the beginning of hearings before the Senate Commerce Committee concerning a proposed national cap-and-trade program for pollutants such as carbon dioxide and other "greenhouse" gases, promoted by committee chairman John McCain and Joseph Lieberman, a likely Democratic presidential candidate.

President Bush, who said during his presidential campaign that he would seek reductions in emissions of carbon dioxide from power plants, but withdrew his support for such regulation once in office, would almost certainly continue to oppose the new proposal, on the grounds that it would send power prices up by causing greater reliance on natural gas, and less on coal.

McCain, who opposed Bush in the 2000 presidential election, would like to see an emissions trading program that would allow companies to buy and sell emissions allowances, the creation of which would decline over time. "We need to have a proposal out there that would start to generate some movement on this issue," McCain told the New York Times. "Other countries have done this, and there are states and U.S. companies that are moving forward," he said.

Many power plant owners, according to representatives, believe that regulation is likely to remain confined to sulfur dioxide, nitrogen oxides and mercury, which are not considered greenhouse gases. Scientists believe that carbon dioxide, methane, and other gases that are addressed in the McCain-Lieberman bill trap heat in the atmosphere. If emissions trading programs expand "under any of the multipollutant scenarios," as Dale Heydlauff of American Electric Power put it, coal-fired power plants would become less competitive. Joe Nipper, with the American Public Power Association, said that upgrading power plants once they have been built can pose heavy costs that their owners would rather not be surprised by due to emerging legislation. "We need certainty. It's the nature of our business," he said.

Fred Krupp, president of the Environmental Defense Fund, an envirnmental group, said any utility would be wise to account for the possibility of emissions trading in the four major pollutants. Although utilities disagree on the pollutants they would like included under or excluded from trading programs, based in part on their generation portfolios, input would likely also come from the transportation and other non-electric industries, which are covered by the McCain-Lieberman bill.
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