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The federal government will provide a $1.5 billion loan to restart a nuclear power plant in southwestern Michigan, officials announced Wednesday. Holtec In
Eyes are on the federal appeals courts as a slew of recent rulings are impacting the fervid fight over proposed nuclear storage facilities in the oil-rich Permian Basin, with another expected in the coming months.
It would be the first nuclear power plant to be reopened in the U.S.
Holtec International acquired the 800-megawatt Palisades plant in 2022 with plans to dismantle it. But now the emphasis is on restarting it by late 2025, following support from the state of Michigan and the Biden administration.
Energy Secretary Jennifer Granholm says nuclear power is a great source of carbon-free electricity. It would be the first-ever reopened nuke plant in the U.S.