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The reopening of Palisades would mark the first restart of a closed nuclear reactor in U.S. history. News 8 got a look inside with the NRC, which will make that decision. Most areas were restricted.
The company has been shutting down and selling off its fleet of nuclear plants for several years, and the sale of Palisades completes the company's exit of the nuclear merchant power business.
Last week, the Biden administration said it closed a $1.52 billion loan to resurrect the Palisades nuclear plant in Michigan, which would take two years to re-open.
The Palisades Nuclear Generating Station is a moth-balled nuclear power plant located on Lake Michigan, in Van Buren County's Covert Township, Michigan, on a 432-acre (175 ha) site 5 miles (8.0 km) south of South Haven, Michigan, USA.
The letter, signed by nine congressional representatives, was sent to Energy Secretary Jennifer Granholm and NRC Chair Chris Hanson.
The late 1960s and early 1970s saw a rapid growth in the development of nuclear power in the United States. By 1976, however, many nuclear plant proposals were no longer viable due to a slower rate of growth in electricity demand, significant cost and time overruns, and more complex regulatory requirements.
The Palisades nuclear plant in Michigan has closed a $1.5 billion loan to support the first reactor restart in U.S. history, the Department of Energy announced Monday.
Coal plants have been closing at a fast rate since 2010 (290 plants closed from 2010 to May 2019; this was 40% of the US's coal generating capacity) due to competition from other generating sources, primarily cheaper and cleaner natural gas (a result of the fracking boom), which has replaced so many coal plants that natural gas now accounts for ...