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Holtec Gets $1 5B DOE Loan Guarantee to Restart Michigan Nuclear Plant

Feds offer $1 5B loan to restart Palisades plant

Biden administration announces $1 5 billion loan for first reopening of a shuttered nuclear plant

The Biden administration on Wednesday announced a $1.5 billion loan to restart a Michigan nuclear power plant. The loan, made through the Energy Department’s Loan Program’s Office with Inflation Reduction Act funds, will allow Holtec to restart the Palisades Nuclear Plant in Covert Township. The restoration, if approved by the Nuclear Regulatory Commission, would be…

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