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Will the Palisades Nuclear Plant restart operations by September 30, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the Department of Energy and the Palisades Nuclear Plant
Story
Palisades Nuclear Plant Secures $1.52 Billion Loan for Historic Restart Backed by Biden Administration
Sep 30, 2024, 02:27 PM
The Palisades nuclear plant in Covert Township, Michigan, has secured a $1.52 billion federal loan from the Department of Energy to restart operations, marking the first reactor restart in U.S. history. The plant, located on the shores of Lake Michigan, originally ceased operations in May 2022 after more than 40 years of commercial service. This historic restart, supported by the Biden administration, is part of a broader effort to revive the U.S. nuclear energy sector, with the Department of Energy highlighting the significance of this investment. The Palisades plant has a capacity of 800MW and is one of the few restartable nuclear plants in the country, with only Duane Arnold in Iowa remaining as a potential candidate for future restarts.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Safety compliance issues • 25%
Environmental concerns • 25%
Operational readiness • 25%
No significant hurdles • 25%
Initial safety inspection completed • 25%
Fuel loading started • 25%
First criticality achieved • 25%
Connected to the grid • 25%
Yes • 50%
No • 50%
On Schedule • 25%
Ahead of Schedule • 25%
Behind Schedule • 25%
Significantly Behind Schedule • 25%