Palisades Power Plant in Michigan could be the first shut-down nuclear plant to restart operations.
Step 2: Line up money and permission Support has poured in for Palisades, with the state of Michigan setting aside $300 million in funding for the plant's restart in the last two years. And now, the Department of Energy has issued a conditional loan commitment for $1.52 billion. Holtec will need to meet certain technical and legal conditions to get the loan money, which will eventually be repaid with interest. (Holtec and the DOE Loan Programs Office declined to give more information about the loan's conditions or timeline.) The state funding and federal loan will help support the fixes and upgrades needed for the plant's equipment and continue paying the…