Holtec to reapply for funding to restart Palisades
20 December 2022
Holtec agreed in 2018 to purchase the plant for decommissioning from operator Entergy, completing the acquisition in June. In July, Holtec – with the support of Governor of Michigan Gretchen Whitmer – submitted an application for funding under the US Department of Energy’s Civil Nuclear Credit (CNC) programme in July, just days after completing its acquisition of the plant. The CNC programme is a USD6 billion strategic investment through the Bipartisan Infrastructure Law to help keep the USA’s existing reactor fleet in operation.
In a 9 September letter to US Energy Secretary Jennifer Granholm, Whitmer said: “I will do everything I can to keep this plant open, protect jobs, increase Michigan’s competitiveness, lower costs, and expand clean energy production. We know the path ahead is not easy, but we are not going to let that stop us from fighting for economic opportunity for Southwest Michigan and reliable, clean energy for the state. Just because something’s never been done before does not mean it cannot be done in Michigan.”
However, in November, Holtec announced that its bid for funding had been unsuccessful.
The company has now announced that it will reapply for the next round of funding under the CNC programme.