Biden admin to loan $1.5B to reopen first US nuclear plant.

Sharing is Caring!

The federal government will provide a $1.5 billion loan to restart a nuclear power plant in southwestern Michigan, officials announced Wednesday.

See also  Biden offers $770 to fire victims; critics demand more.

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.

Gov. Gretchen Whitmer said it would be the first nuclear power plant to be reopened in the U.S. It still faces hurdles, including inspections, testing and the blessing of the U.S. Nuclear Regulatory Commission, known as the NRC.

https://www.msn.com/en-us/news/politics/biden-administration-will-lend-15b-to-restart-michigan-nuclear-power-plant-a-first-in-the-us/ar-BB1kDJVI


215 views