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SPP and Member Utilities Successfully Achieve Western Expansion Milestone

LCG, April 2, 2026--Southwest Power Pool (SPP) today announced that the expansion of its service territory into the Western Interconnection has been a success. The milestone makes SPP the first regional transmission organization (RTO) with services spanning the Eastern and Western Interconnections. Its member organizations, which cover all or part of 17 states, can now benefit from a more operationally and geographically diverse integrated system.

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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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Industry News

Enron's Former CFO Andrew Fastow in Plea Deal

Jan. 14, 2004--Federal prosecutors, Andrew Fastow, former chief financial officer of Enron Corp., and his wife, Lea Fastow, have reached agreements on guilty pleas and prison terms to be served by the Fastows that bypass the need for full-blown trials.

Fastow gave a statement in which he said of partnerships that he organized, that he "and other members of Enron's senior management fraudulently manipulated Enron's publicly reported financial results. Our purpose was to mislead investors and others about the true financial position and Enron and, consequently, to inflate artificially the price of Enron stock and maintain fraudulently Enron's credit rating."

While the 42-year-old could have served as much as 25 years based on a 98-count indictment, the deal with the Justice Department means that he will serve a sentence of 10 years based on two criminal charges, and hand over $29 million in penalties. Lea Fastow will serve a minimum of five months, up to sixteen months, for a criminal tax charge.

Mr. Fastow is said to have already provided officials with evidence that implicates Jeffrey K. Skilling in having participated in certain accounting decisions, although the nature of the behavior is not yet clearly grounds for prosecution.

It is possible that Skilling, the former chief executive, could be charged in a few weeks, given that the development of the government's investigation has been built on other plea deals, involving less senior executives such as Michael J. Kopper, who supported a case against Fastow.

The top Justice Department official within the Enron Task Force, Leslie Caldwell, said of Fastow, "Whatever knowledge that he has of who did what and who knew what at Enron will now be our knowledge."
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