While the Palisades Nuclear Power Plant is not currently generating any electricity, when they do, owner Holtec International has a buyer.
The company known primarily for decommissioning nuclear power plants today announced a long-term power purchase agreement with the not-for-profit Wolverine Power Cooperative.
“We are thrilled to enter into this partnership,” said Kelly Trice, President of Holtec Nuclear Generation and Decommissioning. “The executed power purchase agreement represents a significant milestone in our journey towards reopening the plant, a historic moment for Michigan and the country. The repowering of Palisades ensures Michigan has sufficient energy to meet future demand and mitigate the impact of climate change, while creating hundreds of high-paying Michigan jobs, expanding the local tax base, and unleashing economic opportunity within the region and beyond. With key support from federal partners, Governor Whitmer, the Michigan legislature, and the local plant community, this will soon be a reality.”
Wolverine’s member rural electric cooperatives provide electricity to rural homes, businesses, and public schools across more than half of Michigan’s lower peninsula, with a power supply portfolio that is already 60% carbon-free. According to Holtec’s press statement, “this agreement will further enhance Wolverine and its members’ leadership in carbon-free energy and their commitment to delivering reliable, affordable, and clean power to their communities well into the future.”
Earlier this year, Holtec submitted an application with the U.S. Department of Energy’s Loan Programs Office for federal loan funding to repower Palisades.
