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Holtec Receives New Nuclear Fuel at Palisades for Planned Restart

LCG, October 20, 2025--Holtec International announced today that the Palisades Nuclear Power Plant site in Michigan has received new nuclear fuel – 68 assemblies in total – that achieves a major milestone on the path to restarting the plant. The 800-MW facility was shutdown and decommissioned in 2022 due primarily for economic reasons; however, Holtec is progressing towards restarting the original unit by the end of this year, pending all necessary federal regulatory reviews and approvals. Achieving a successful restart of a shutdown nuclear unit will be a historic first for the nuclear industry.

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Calpine Closes Texas Energy Fund Loan for 460-MW Pin Oak Creek Peaking Facility

LCG, October 14, 2025--Calpine Corporation today announced the close of a Texas Energy Fund (TxEF) loan agreement to support development of the Pin Oak Creek project, a 460-MW, natural gas-fired peaking facility adjacent to Calpine's Freestone Energy Center, a gas-fired combined-cycle facility located on approximately 506 acres near Fairfield, Texas.

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Industry News

FPL Energy Wants to Own 50 Percent of Nuclear Operator

LCG, Sept. 15, 2003--FPL Energy has reached an agreement with British Energy concerning the price at which it could acquire British Energy's 50-percent stake in the nuclear power-plant operator AmerGen Energy.

The deal, worth $276.5 million, would need to receive approval by the other owner, Exelon Corp., a Chicago-based utility holding company. Unless Exelon exercises its right of first refusal within 30 days, FPL Energy, a subsidiary of FPL Group, would be able to complete the purchase in the first quarter of 2004. FPL Energy would receive $8.3 million from Exelon if the purchase was refused.

AmerGen Energy operates nuclear plants in Clinton, Ill., Middleton, Pa., and in Lacey, New Jersey. The three plants have a total capacity of 2,480 megawatts. FPL Energy currently owns one nuclear plant in Seabrook, N.J., as well as approximately 90 other gas-fired and wind-powered generating units across the country.
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