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The U.S. Department of Energy (DOE) has released over $56 million in funding to Holtec International to help restart the Palisades Nuclear Plant in Michigan.
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Supporters of the restart say historic levels of federal and state subsidies, and a committed customer for the next 30 years, should mean better financial results for Palisades' second act.
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Governor Gretchen Whitmer told an economic forum Monday that nuclear energy is a necessary part of her goal to generate all of Michigan’s electricity without fossil fuels.
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The southwest Michigan plant was rumored to be set for the loan last month. The plant could come online in late 2025.
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Environmental groups have asked the Department of Energy to require an Environmental Impact Statement to ensure the shuttered Palisades nuclear plant is safe before giving it $1 billion dollars to restart the power plant.
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The owner of the Palisades Nuclear Plant in southwest Michigan said there’s still hope for restarting the out-of-service facility. But no nuclear plant in the U.S. has successfully restarted after officially closing.
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Michigan's Attorney General is reaching out to the Nuclear Regulatory Commission over plans involving the Palisades Nuclear Plant in Covert Township in…