GRAND RAPIDS, Mich. (WOOD) — The federal government has announced the approval of a $1.52 billion loan to support the reopening of a nuclear power plant in Van Buren County. On Monday, the Biden administration said the $1.52 billion loan through the Department of Energy's Loan Programs Office would finance the restoration of the Palisades Nuclear Power Plant, located near South Haven and off Lake Michigan, in Covert Township. The funds come from…

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$1.5B loan approved to restart Palisades plant

The Biden Administration reiterated its support for the historic attempt to restart the mothballed Palisades nuclear plant in southwest Michigan on Monday, closing the deal on its pledge for a $1.52 billion loan guarantee under the Inflation Reduction Act.

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Biden Administration closes deal on $1.52B loan for Palisades restart effort

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Holtec International has officially closed on a $1.52 billion loan from the U.S. Department of Energy to restart the Palisades nuclear power plant. Holtec hosted several partners at the facility Monday to celebrate the news with company CEO and founder Kris Singh saying not only will the community be revitalized with hundreds of good-paying jobs coming back, but Michigan’s energy future will be more secure. In addition to restarting the existing…

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Holtec closes on $1.5 billion loan to restart Palisades

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Department of Energy, with support from the Biden-Harris government, will reopen the nuclear power plant in lower Michigan. Once restarted, it will become the first successfully restarted nuclear power plant in American history.

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Reopening the Palisades to keep energy costs low, Whitmer

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Holtec International has officially closed on a $1.52 billion loan from the U.S. Department of Energy to restart the Palisades nuclear power plant. Holtec hosted several partners at the facility Monday to celebrate the news with company CEO and founder Kris Singh saying not only will the community be revitalized with hundreds of good-paying jobs coming back, but Michigan’s energy future will be more secure. 
In addition to restarting the existin…

$1.5B loan approved to restart Palisades plant

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