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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

State Lands Commission Blocks Southern California LNG Terminal

LCG, April 12, 2007--The California State Lands Commission blocked the development of a liquefied natural gas (LNG) terminal off the coast of Southern California earlier this week with a 2-1 vote to not approve a lease permit required for the project.

A spokesperson for the project sponsor, Australia's BHP Billiton LNG International Inc., stated that the terminal would supply an amount equal to ten to fifteen percent of California's daily gas requirements. The supplemental supply of natural gas would be received by tankers from overseas and would improve reliability and potentially lower gas prices. BHP was uncertain as to its next step, which could include pursuing legal action.

The proposed, $800 million facility would be located about fourteen miles off shore from Malibu and would have a capacity of 800 MMcf/day. The LNG would be received from tankers and vaporized at the terminal. The natural gas would be transported via two, 24-inch diameter pipelines from the terminal and delivered into the gas transmission system of Southern California Gas Co.

The lease considered by the Lands Commission would have granted BHP the right to build and operate the pipelines. Commission Chairman John Garamendi voted not to award the lease permit because "serious questions remain about the project's safety and its potential impact on the environment."

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