NABTU Praises Palisades Nuclear Plant's Conditional Loan Guarantee

TL/DR -

The Department of Energy's Loan Programs Office has announced a conditional commitment for a $1.52 billion loan guarantee to restart the Palisades Nuclear Plant in Michigan. This move is hailed as a big step for clean energy and union workers who previously operated the plant prior to its decommissioning. Union members, in partnership with Holtec Palisades, LLC, will work to recommission the shut-down nuclear power plant, marking the first of such projects in the U.S.

North America's Building Trades Unions Applauds Energy Department's Loan for Palisades Nuclear Plant Restart

Washington, D.C. – March 27, 2024 – North America’s Building Trades Unions' (NABTU) President Sean McGarvey lauded the Department of Energy's Loan Programs Office for its conditional commitment of a significant $1.52 billion loan guarantee to reactivate the Palisades Nuclear Plant. This move marks a significant stride in clean energy and employment for union members in Michigan.

Union members, having successfully operated the Palisades Plant before its decommissioning, anticipate demonstrating their exceptional skill in recommissioning the plant, a first in the U.S. This project, strongly supported by both the Department of Energy and Holtec Palisades, LLC, showcases a blend of superior technical know-how and unwavering commitment to local communities, union workforces, and middle-class job pathways.

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