nuclear-news

DOE Releases More Funding to Reopen Palisades Nuclear Plant

Energy Secretary Chris Wright on April 22 announced the release of a third
loan disbursement to Holtec for the reopening of the Palisades Nuclear
Plant in southwest Michigan. Today’s action releases $46,709,358 of the
up to $1.52-billion loan guarantee to Holtec for the Palisades project.

The 800-MW Palisades plant, located in Covert Township, was closed in 2022.
Holtec bought the power station from Entergy that year, with intent to
decommission the facility, before deciding instead to restart the plant.
Palisades at present would be the first U.S. nuclear power plant to restart
after being closed.

The plant still needs licensing approvals from the U.S.
Nuclear Regulatory Commission (NRC).

Opponents of restarting the nuclear power plant have said they will appeal a recent decision by a three-judge panel of the NRC’s Atomic Safety and Licensing Board, which refused to grant a hearing on the merits for seven safety-related contentions brought by a coalition that includes Beyond Nuclear, a nonprofit group. Beyond Nuclear and other groups have argued the plant should not be restarted.

 Powermag 22nd April 2025,
https://www.powermag.com/doe-releases-more-funding-to-reopen-palisades-nuclear-plant/

April 24, 2025 - Posted by Christina Macpherson | business and costs, USA