Joe Biden administration will lend $1.5 billion to restart Michigan nuclear power plant, a first in the US

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Holtec International acquired the 800-megawatt Palisades plant in 2022 with plans to dismantle it. But now the emphasis is on restarting it by late 2025, following support from the state of Michigan and the Biden administration.

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Joe Biden administration will lend $1.5 billion to restart Michigan nuclear power plant, a first in the US

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