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Holtec International said a subsidiary, Palisades Energy LLC, signed the deal this week with Wolverine Power Cooperative, a not-for-profit energy provider serving rural communities across Michigan.
Under a new purchase agreement with two utility providers, Palisades Energy LLC is moving closer to opening a shuttered nuclear power plant.
Shuttered Michigan Nuclear Plant Moves Closer To Reopening
A rural Michigan power cooperative has agreed to buy up to two-thirds of the plant’s power for roughly another 28 years. Other hurdles to a restart have yet to be cleared, including an application for a federal loan.
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