"Biden Administration's $1.5 Billion Loan to Reopen Palisades Nuclear Plant Marks Historic Milestone in US Energy Policy"
TL;DR Summary
The Biden administration has approved a $1.52 billion loan guarantee from the Energy Department to help Holtec International restart the Palisades nuclear plant in Michigan, which closed in 2022. This move is part of a broader effort to revive nuclear energy in the United States, with the loan conditional on regulatory approvals and other requirements. The plant's reopening is supported by Michigan Governor Gretchen Whitmer and is expected to drive regional economic impact while contributing to clean energy efforts.
Topics:business#energy-and-environment#holtec-international#loan-guarantee#michigan#nuclear-energy#palisades-nuclear-plant
- Palisades Nuclear Plant in Michigan Plans to Reopen With $1.5 Billion Loan The New York Times
- Biden administration will lend $1.5B to restart Michigan nuclear power plant, a first in the US The Associated Press
- LPO Announces Conditional Commitment to Holtec Palisades to Finance the Restoration and Resumption of Service of 800-MW Nuclear Generating Station Energy.gov
- Biden administration announces $1.5 billion loan for first reopening of a shuttered nuclear plant The Hill
- WATCH: Energy Sec. Granholm announces federal funding for Palisades nuclear plant WWMT-TV
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