"Palisades Nuclear Plant Receives Record $1.5B Federal Loan for Reopening"

The federal government is providing a $1.5 billion loan to the owner of the Palisades Nuclear Plant in Michigan to support its efforts to reopen the facility, which would be the first in the country to return to the grid after decommissioning. Energy Secretary Jennifer Granholm and Gov. Gretchen Whitmer emphasized the plant's potential to help meet climate goals and create high-wage jobs. The loan is a significant step for Holtec International, the plant's owner, which aims to restart operations and potentially build small modular reactors at the site. However, concerns have been raised about safety and the company's lack of experience in nuclear operations.