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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

MidAmerica Wind Projects Spurred Forward by PTC

LCG, September 30, 2004--MidAmerica Energy announced its final plans to proceed with two wind farms in Iowa following the approval of the Production Tax Credit by the House and Senate last week. Each wind farm will include 100 wind turbines, for a combined generating capacity of 310 MW.

One wind farm will be located in Buena Vista and Sac Counties. Initial construction efforts have begun, with the installation of the 1.5-MW turbines to be completed by the end of the year. The other wind farm will be located in Wright and Hamilton Counties, and the installation of the turbines is planned for next spring.

The Production Tax Credit, which provides for 1.5 cents for each kilowatt-hour of electricity produced, had expired at the end of last year. When the credit expired, the financial viability of wind projects was significantly reduced, and many projects were put on hold. The new legislation is expected to be signed by President Bush shortly and will extend the tax credit retroactively from January 1, 2004 through December 31, 2005.

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