COVERT TWP. — While the recent denial of funding to reopen the Palisades nuclear power plant handicaps Michigan’s short-term emission-reduction goals, the state’s top energy regulator says new federal laws will create additional clean energy opportunities.
Palisades owner Holtec International announced late last week that it was denied funding from the U.S. Department of Energy’s Civil Nuclear Credit Program, a $6 billion fund created to bail out unprofitable nuclear plants to preserve their carbon-free electricity. Holtec acquired the plant from Entergy after it closed in late May with the intention of permanently decommissioning the roughly 800-megawatt (MW) plant along the Lake Michigan shoreline in Van Buren County.
In recent months, the creation of the Civil Nuclear Credit Program, as well as in-state funding, opened a potential lifeline for Palisades. However, that…
State energy regulator says Palisades denial ‘obviously disappointing,’ but other clean energy routes exist
