During the visit, Deputy Secretary Torres Small announced more than $1.3 billion in Empowering Rural America (New ERA) program awards for two rural electric cooperatives.
Source: U.S. Department of Agriculture (Photo: Courtesy)
To begin the week, USDA and the Department of Energy announced investments of more than $2.8 billion to support reliable, affordable, and clean power in the Midwest by helping to finance the restoration and resumption of service to Holtec Palisades, an 800-megawatt nuclear generating station in Covert Township, Michigan.
During the visit, Deputy Secretary Torres Small also announced more than $1.3 billion in Empowering Rural America (New ERA) program awards for two rural electric cooperatives––Wolverine Power Cooperative and Hoosier Energy––to reduce the cost of electricity passed on to their members for clean power from Holtec Palisades and other clean energy sources.
This represents a first of its kind effort to restart an American nuclear power plant—generating carbon pollution-free energy and saving and expanding a union workforce in Michigan, while also helping strengthen America’s nuclear energy sector and advance core climate and domestic energy goals.
- Reuters: US Closes $1.52 billion Loan to Resurrect Michigan Nuclear Plant
- NBC-WOOD TV: $1.5B Loan Approved to Restart Palisades Plant
- ABC57: Biden-Harris administration Invests in Nuclear Energy at Palisades Nuclear Plant