U.S. PIRG: Statement - Energy Department Offers $2.8B in Subsidies to Reopen Michigan Nuclear Reactor
October 03, 2024
October 03, 2024
WASHINGTON, Oct. 3 -- The U.S. Public Interest Research Group issued the following news release:
The U.S. Department of Energy announced on Monday that it finalized a $1.52 billion loan guarantee to the nuclear company Holtec, to reopen the Palisades nuclear power plant in Covert Township, Michigan. The deal also includes a $1.3 billion subsidy to two rural cooperative associations to buy power from Palisades under an above-market rate power contract.
Holtec ceased ope . . .
The U.S. Department of Energy announced on Monday that it finalized a $1.52 billion loan guarantee to the nuclear company Holtec, to reopen the Palisades nuclear power plant in Covert Township, Michigan. The deal also includes a $1.3 billion subsidy to two rural cooperative associations to buy power from Palisades under an above-market rate power contract.
Holtec ceased ope . . .