- Holtec’s Palisades nuclear plant could be first to re-open
- Funding comes as Biden seeks to keep nuclear plants online
The Biden administration is poised to loan $1.5 billion to restart a closed Michigan nuclear power plant, paving the way for a shuttered reactor to reopen in the US for the first time.
The funding, which is set to get conditional backing from the US Energy Department, will be offered as soon as next month to closely held Holtec International Corp. to restart its Palisades nuclear plant, according to people familiar with the matter.
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