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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

Edison Could Finish Construction on Redlands Plant

LCG, July 18, 2003--A new subsidiary of Southern California Edison could own and operate a partially completed power plant near Redlands under a cost-of-service arrangement, if regulators approve of the utility's plan to purchase the project.

The plant, with planned capacity of 1,054 megawatts, was begun by AES Corp., which halted construction due to its poor financial position. Edison, which last built two generating units at the Cool Water plant near Barstow in 1978, sold all of its gas-fired generating units as part of 1996 deregulation legislation, while retaining hydro, coal and nuclear facilities.

The Redlands plant would come online by 2005, according to Edison's plan. Due to the fact that construction would not have to be started from scratch, the costs to ratepayers could be lower than it would be otherwise, according to Edison's president, Bob Foster, and the president of the California Public Utilities Commission, Michael Peevey, who is a former president of Edison. Edison now purchases two-thirds of the power it sells, and generates the remaining one-third from its own capacity.
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