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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

Emergency Plan for NY Underwater Cable Sought

LCG, Apr. 21, 2003--An underwater cable that has not been approved as a power transmission link between Connecticut and New York's Long Island needs to be available in case of soaring demand, Sen. Charles Schumer, D-N.Y., has told the U.S. Department of Energy.

The line is in place, but its use has been blocked by a Superior Court judge in Connecticut, due to the fact that in seven locations, the line is not buried sufficiently deeply beneath the floor of the Long Island Sound to receive a permit from the Connecticut Department of Environmental Protection. The line's owner, Cross-Sound Cable Co., said it would bury the line while a modified permit was issued, but the the judge denied the modification.

Schumer and others considering the public Long Island Power Association's supply of power believe the risk to New York and Connecticut in case of high demand is too great not to allow the 330-megawatt cable to be considered for use as part of a backup plan. LIPA's chairman, Richard Kessel, said that "At a time when there is a temendous concern about terrorism, we need to make sure that the electrical system is reliable and there is a backup and redundancy." The cable runs between New Haven and the former site of the Shoreham nuclear power plant on Long Island. Although it was approved by the Department of Energy in case of emergency last summer, it did not operate.
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