Palisades nuclear plant

Palisades is an 805 MW nuclear reactor in Covert Township on Lake Michigan being restarted by Holtec International.

The DOE is providing a $1.5 billion loan to Holtec,¹ and the state of Michigan offered $300 million. As of September 2024, all funding has been secured to restart the reactor by the end of 2025 if NRC approvals are granted.¹

The full energy output from Palisades is committed via a PPA to two electric cooperatives, Wolverine Power Cooperative and Hoosier Energy, which serve rural areas in Michigan, Illinois, and Indiana.²

Footnotes

1. Michigan nuclear plant finalizes federal loan to support first reactor restart in U.S. history ↩ ↩²

2. Biden-Harris Administration Bringing Back Clean Nuclear Energy, Creating Clean Energy Union Jobs Across the Midwest | Department of Energy ↩