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US Approves Billions in Aid To Restart Michigan Nuclear Plant
The Energy Department said on Monday that it had finalized a $1.52 billion loan guarantee to help a company restart a shuttered nuclear plant in Michigan -- the latest sign of rising government support for nuclear power. From a report: Two rural electricity providers that planned to buy power from t...
The moves will help Holtec International reopen the Palisades nuclear plant in Covert Township, Mich., which ceased operating in 2022. Both Congress and the Biden administration have offered billions of dollars in subsidies to prevent older nuclear plants from closing and to build new reactors. Despite concerns about high costs and hazardous waste, nuclear plants can generate electricity at all hours without emitting the greenhouse gases that are heating the planet.
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