Trump officials unfreeze $1.3B for rural co-ops to buy Michigan nuclear plant power

Palisades Nuclear Power Plant

An aerial view of Palisades Nuclear Power Plant along Lake Michigan in Covert, Michigan on Thursday, Nov. 16, 2023. Holtec International aims to bring the decommissioned plant back online in 2025, and Trump administration officials have released funding for rural electric cooperatives to purchase the entire 800-megawatt output from the plant.Joel Bissell | MLive.com

Officials with Donald Trump’s administration will unfreeze more than a billion dollars for rural electric cooperatives in Michigan and Indiana to purchase power from the Palisades nuclear plant, should a planned facility restart succeed.

The U.S. Department of Agriculture said on March 25 that several programs authorized under Joe Biden’s signature climate law, paused when Trump took office, would release funds. That includes one offering more than a half-billion dollars each in nuclear subsidies for Michigan’s Wolverine Power Cooperative and Indiana’s Hoosier Energy for Palisades’ output.

If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.