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Trump Administration Backs $57M Plan to Revive Palisades Nuclear Plant

3/17/2025

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Summary

Story summary

The Trump administration is paving the way for the revival of Michigan's Palisades nuclear power plant, backing Holtec with nearly $57 million in federal loan guarantees. This ambitious project promises to power 800,000 homes with 800 megawatts of electricity and create approximately 600 jobs, with hopes of reopening by year-end, pending regulatory green lights.

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Story summary

The Trump administration is paving the way for the revival of Michigan's Palisades nuclear power plant, backing Holtec with nearly $57 million in federal loan guarantees. This ambitious project promises to power 800,000 homes with 800 megawatts of electricity and create approximately 600 jobs, with hopes of reopening by year-end, pending regulatory green lights.