Feds Give $1.5B to Restart Palisades Nuclear Plant

The Center Square YT

•

March 29th, 2024

DESCRIPTION

The federal government will give a $1.5 billion loan to restart the Palisades nuclear plant. The loan follows Michigan shuttering coal plants at a record pace while chasing a 100% renewable energy standard by 2040. In 2022, renewables comprised 12% of Michigan's electricity net generation, according to the U.S. Energy Information Administration.

The Center Square YT

The focus of The Center Square's work is state and local level government and economic reporting. A taxpayer sensibility distinguishes our work from other coverage of state and local issues. As a result of this approach, our audiences are better informed about the focus of state and local government and its cost to the citizens whose tax dollars fund governmental decisions.