Federal Support Secured for Historic Restart of Michigan Nuclear Plant
The Michigan nuclear plant is poised for a historic restart with the finalization of a $1.52 billion federal loan, marking the first-ever recommissioning of a nuclear facility in the United States. The Biden administration and White House have officially backed the reopening plan of the Palisades Nuclear Power Plant, an effort bolstered by over $2.8 billion in loans. Inspections have identified numerous repairs needed at the plant, but the project remains on track for an anticipated relaunch in October 2025. Public hearings regarding environmental permits are scheduled, as significant federal funding aims to facilitate the plant's revival amidst local and national interest in nuclear energy as a sustainable power source.
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