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Company begins formal process of seeking federal approval for repowering of reactor
- Source: Nucnet
- Date: Tuesday, 10 October 2023
- Original article: nucnet.org/news/holtec-sets-august-2025-target-date-for-restarting-michigan-nuclear-plant-10-1-2023
DOE rejected initial request in November
Holtec applied in May for federal funds to restart the Palisades nuclear plant in Michigan.
Holtec International is to reapply for federal funding to allow it to restart the single-unit Palisades nuclear power station in Michigan, which closed down in May after more than 50 years in operation.
The company said it will submit its application next year, when the US Department of Energy starts accepting applications for the second round of the Civil Nuclear Credit Program, a $6bn (€5.6bn) investment through the Bipartisan Infrastructure Law to help preserve the existing US reactor flee.
In November, Texas-based Holtec said the DOE had rejected its application for funding for Palisades, which the company acquired earlier in 2022 for decommissioning after it was permanently shut down by previous owner Entergy.
The company said it will submit its application next year, when the US Department of Energy starts accepting applications for the second round of the Civil Nuclear Credit Program, a $6bn (€5.6bn) investment through the Bipartisan Infrastructure Law to help preserve the existing US reactor flee.
In November, Texas-based Holtec said the DOE had rejected its application for funding for Palisades, which the company acquired earlier in 2022 for decommissioning after it was permanently shut down by previous owner Entergy.
At the same time, the Biden administration announced the approval of up to $1.1bn in conditional funding to keep California’s last commercial nuclear power station, the two-unit Diablo Canyon, online beyond its scheduled shutdown in 2025.
- Source: Nucnet
- Date: Thursday, 22 December 2022
- Original article: nucnet.org/news/holtec-to-reapply-for-funding-in-bid-to-restart-michigan-nuclear-plant-12-3-2022