With being on the verge of restarting, Holtec’s Palisades nuclear plant has been awarded its sixth reimbursement loan by the Department of Energy worth $155.9 million.
The sixth loan portion comes a month after the fifth loan guarantee was distributed, which was worth $83.2 million. DOE has now issued $491 million to the Palisades plant to support its efforts to restart its operations, according to DOE’s Tuesday press release.
Additionally, the sixth loan marks the largest reimbursement loan received by Palisades so far. The second largest loan was the fourth installment which came in around $100 million.
The loan guarantee from DOE’s Loan Program Office was initially announced in September 2024.
Palisades is an 800-megawatt nuclear power plant located in Covert Township, Mich. that ceased operations in 2022 under Entergy. Holtec, which originally bought the plant from Entergy in 2022 to decommission it, has been working with the Nuclear Regulatory Commission (NRC) to restart its operations.
In late August, NRC granted the Palisades plant operational status, making it the first U.S. plant to move from decommissioning back to operational status.
Palisades can receive fuel but cannot fully restart until Holtec meets all the conditions of their operating license, according to NRC.
NEW: Via public records request, I’ve been able to confirm reporting today that a warrant has been issued for DOE deputy asst. secretary of spent fuel and waste disposition Sam Brinton for another luggage theft, this time at Las Vegas’s Harry Reid airport. (cc: @EMPublications)
DOE spent fuel lead Brinton accused of second luggage theft.
by @BenjaminSWeiss, confirming today's reports with warrant from Las Vegas Metro PD.
Waste has been Emplaced! 🚮
We have finally begun emplacing defense-related transuranic (TRU) waste in Panel 8 of #WIPP.
Read more about the waste emplacement here: https://wipp.energy.gov/wipp_news_20221123-2.asp
Editorial: Sam Brinton’s credibility is now an issue 🔓