DOE Loans $1.52 Billion to Restart Nuclear Power Plant in Michigan

Holtec International intends to recommission an 800 megawatt energy facility.

The Department of Energy (DOE) authorized a $1.52 billion loan to Holtec International, supporting the company’s efforts to recommission an 800-megawatt nuclear power plant in Michigan. The power plant was decommissioned in 2022 due to an issue with the seal on its control rod drive system. If Holtec International successfully reopens the power plant, it will be the first nuclear power facility to be recommissioned in American history.

The department approved this loan after officials assessed Holtec’s ability to meet a number of technical, legal, and financial conditions in its rehabilitation plans. The building will need to pass a number of inspections and tests conducted by the U.S. Nuclear Regulatory Commission in order to successfully be recommissioned as a functional nuclear power plant.

As the Lord Leads, Pray with Us…

  • For Chair Christopher Hanson to be led by the Lord as he oversees the Nuclear Regulatory Commission.
  • For wisdom for Secretary Jennifer Granholm as she heads the Department of Energy.

Sources: Reuters, AP


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