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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

Duke Energy Has 4th Qtr Loss of $2 Billion

LCG, Jan. 29, 2004--Nonrecurring charges of $3.4 billion resulting from asset sales and closure of business units led to a fourth-quarter loss of $2 billion for Duke Energy Corp.

Among assets yet to be sold in 2004 are merchant power plants in the Southeastern U.S., Australian generating plants and gas pipelines, and gas marketing businesses based in Europe. The company expects such sales to trim its $23 billion debt by $3.5 billion to $4 billion this year.

The fourth-quarter losses resulted in a $1.3 billion loss for the year, whereas Duke Energy reported a profit of $1 billion for all of 2002.

Duke Energy's chairman and CEO Paul Anderson, who moved into those positions in November 2003, said the current target was for "modest growth...in the 4 to 6 percent range."
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