Biden administration will lend $1.5B to restart Michigan nuclear power plant

  • 📰 ABC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The federal government will provide a $1.5 billion loan to restart a nuclear power plant in southwestern Michigan

, officials announced Wednesday.

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. The Palisades plant is along Lake Michigan, a two-hour drive from Chicago. A Michigan utility, CMS Energy, owned it from 1971 until the plant was sold toHoltec said it has long-term commitments so far from two electric cooperatives to buy power from the plant.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in LOANS

Loans Loans Latest News, Loans Loans Headlines