Palisades Nuclear Plant restart effort gets next round of federal loan money [CBS News]
CMS Energy Corporation (CMS)
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Source: CBS News
U.S. Department of Energy Secretary Chris Wright made the announcement Monday , approving the release of $56,787,300 out of the $1.52 million federal loan intended for the restart effort. The loan was approved in March 2024 ; and this is the second installment of the loan money. Holtec International had acquired the 800-megawatt Palisades plant in Covert in 2022, with initial plans to dismantle it. But plans changed. Subject to U.S. Nuclear Regulatory Commission approvals, Palisades is now on track to become the first commercial nuclear power plant to be reopened in the U.S. after a previous shutdown. "Unleashing American energy dominance will require leveraging all energy sources that are affordable, reliable and secure - including nuclear energy," Wright said in his announcement. "Today's action is yet another step toward advancing President Trump's commitment to increase domestic energy production, bolster our security and lower costs for the American people." The money is
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CMS
Earnings
- 10/30/25 - Beat
CMS
Sec Filings
- 11/21/25 - Form 8-K
- 11/6/25 - Form 8-K
- 11/4/25 - Form 4
- CMS's page on the SEC website