Biden administration will lend $1.5B to restart Michigan nuclear power plant, a first in the US
- The federal government will provide a $1.5 billion loan to restart a nuclear power plant in southwestern Michigan.
- Holtec International acquired the 800-megawatt Palisades plant in 2022 with plans to dismantle it, but now aims to restart it by late 2025.
- The decision to restart the plant followed support from the state of Michigan and the Biden administration.
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Leaning Left11Leaning Right8Center15Last Updated1 month agoBias Distribution44% Center