Nuclear Power Plant to Reopen in Michigan ...Middle East

Economy by : (OILPRICE) -
The U.S. Department of Energy will provide a loan of $1.5 billion to Holtec, the energy equipment supplier, to reopen the Palisades nuclear power plant in Michigan. This is according to a Reuters report citing an unnamed source who said the loan will be made public next month. This would be the first time ever that a closed nuclear power plant in the United States would be reopened. A spokesperson for Holtec confirmed the news of the reopening, saying "We hope for a timely approval to bring the plant back to full power operation toward…

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