loan guarantees Archives http://www.powermag.com/tag/loan-guarantees/ The power industry's trusted source for generation technology, O&M, and legal & regulatory news for coal, gas, nuclear, hydro, wind & solar power plants; power jobs Thu, 07 Aug 2025 21:35:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.powermag.com/wp-content/uploads/2020/11/cropped-p-power-32x32.jpg loan guarantees Archives http://www.powermag.com/tag/loan-guarantees/ 32 32 DOE Approves Fifth Loan Disbursement to Holtec for Historic Restart of Palisades Nuclear Plant https://www.powermag.com/doe-approves-fifth-loan-disbursement-to-holtec-for-historic-restart-of-palisades-nuclear-plant/ https://www.powermag.com/doe-approves-fifth-loan-disbursement-to-holtec-for-historic-restart-of-palisades-nuclear-plant/#respond Thu, 07 Aug 2025 21:35:34 +0000 https://www.powermag.com/?p=239104 The U.S. Department of Energy released an $83.2 million loan disbursement to Holtec International on Thursday, bringing total federal funding to $335.1 million as the company moves toward completing America’s first commercial nuclear reactor restart. The fifth installment under DOE’s $1.52 billion loan guarantee follows key Nuclear Regulatory Commission (NRC)  approvals that authorized Holtec to […]

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In September 2024, the Department of Energy finalized a $1.52 billion loan guarantee to Holtec Palisades LLC to support the restoration and recommissioning of the 800-MW Palisades Nuclear Plant in Covert Township, Michigan. Originally shut down in May 2022, the plant is set to return to service and operate until at least 2051, pending U.S. Nuclear Regulatory Commission approvals. It could mark the first-ever recommissioning of a retired nuclear power plant in U.S. history. Source: DOE

]]> https://www.powermag.com/doe-approves-fifth-loan-disbursement-to-holtec-for-historic-restart-of-palisades-nuclear-plant/feed/ 0 DOE’s Loan Programs Office Offers Game-Changing Possibilities https://www.powermag.com/does-loan-programs-office-offers-game-changing-possibilities/ https://www.powermag.com/does-loan-programs-office-offers-game-changing-possibilities/#respond Thu, 10 Apr 2025 16:59:19 +0000 https://www.powermag.com/?p=232234 As the presidential inauguration loomed on the horizon in January this year, the U.S. Department of Energy’s (DOE’s) Loan Programs Office (LPO) published a “year-in-review” article, highlighting accomplishments from 2024 and looking ahead to the future. It noted that the previous four years had been the most productive in the LPO’s history. “Under the Biden-Harris […]

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]]> https://www.powermag.com/does-loan-programs-office-offers-game-changing-possibilities/feed/ 0 Trump Administration Backs $1.52B Loan for Palisades Nuclear Restart https://www.powermag.com/trump-administration-backs-1-52b-loan-for-palisades-nuclear-restart/ https://www.powermag.com/trump-administration-backs-1-52b-loan-for-palisades-nuclear-restart/#respond Mon, 17 Mar 2025 22:29:03 +0000 https://www.powermag.com/?p=230936 The Trump administration has released a second loan disbursement of $56.8 million to Holtec International as part of an up to $1.52 billion loan guarantee for the restart of the 800-MW Palisades Nuclear Plant in Michigan. The funding, a key step in reviving the shuttered facility, reinforces a loan guarantee initially issued under the Biden […]

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In September 2024, the Department of Energy finalized a $1.52 billion loan guarantee to Holtec Palisades LLC to support the restoration and recommissioning of the 800-MW Palisades Nuclear Plant in Covert Township, Michigan. Originally shut down in May 2022, the plant is set to return to service and operate until at least 2051, pending U.S. Nuclear Regulatory Commission approvals. It could mark the first-ever recommissioning of a retired nuclear power plant in U.S. history. Source: DOE

]]> https://www.powermag.com/trump-administration-backs-1-52b-loan-for-palisades-nuclear-restart/feed/ 0 Risk Mitigation: An Essential Prerequisite for Inflation Reduction Act Funding https://www.powermag.com/risk-mitigation-an-essential-prerequisite-for-inflation-reduction-act-funding/ https://www.powermag.com/risk-mitigation-an-essential-prerequisite-for-inflation-reduction-act-funding/#respond Tue, 03 Jan 2023 05:07:41 +0000 https://www.powermag.com/?p=180835 The groundbreaking Inflation Reduction Act (IRA) will put hundreds of billions of dollars toward renewables. As the most comprehensive energy policy in recent years, the IRA is already having a profound impact

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]]> https://www.powermag.com/risk-mitigation-an-essential-prerequisite-for-inflation-reduction-act-funding/feed/ 0 Nuclear a Major Focus in Trump’s Latest Budget Request—and 8 Other Takeaways https://www.powermag.com/nuclear-a-major-focus-in-trumps-latest-budget-request-and-8-other-takeaways/ https://www.powermag.com/nuclear-a-major-focus-in-trumps-latest-budget-request-and-8-other-takeaways/#respond Wed, 12 Feb 2020 00:23:04 +0000 https://www.powermag.com/?p=148880 Yucca Mountain, the 1987 Congressionally appointed deep geologic repository for spent nuclear fuel (SNF), may be officially dead; transmission assets held by the Tennessee Valley Authority (TVA) and three Power Marketing Administrations (PMAs) will be put up for sale; and hundreds of millions of dollars in unobligated balances for flagship programs like the Advanced Research […]

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]]> https://www.powermag.com/nuclear-a-major-focus-in-trumps-latest-budget-request-and-8-other-takeaways/feed/ 0 DOE Prepares to Offer $12.6B in New Nuclear Loan Guarantees https://www.powermag.com/doe-prepares-to-offer-12-6b-in-new-nuclear-loan-guarantees/ https://www.powermag.com/doe-prepares-to-offer-12-6b-in-new-nuclear-loan-guarantees/#respond Thu, 02 Oct 2014 11:36:45 +0000 https://www.powermag.com/?p=63296 The Department of Energy (DOE) on Tuesday issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for new nuclear projects. The agency identified four technology areas of interest in the draft solicitation: advanced nuclear reactors, small modular reactors, upgrades and uprates at existing facilities, and front-end nuclear projects. The draft solicitation […]

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]]> https://www.powermag.com/doe-prepares-to-offer-12-6b-in-new-nuclear-loan-guarantees/feed/ 0 Witnesses: DOE’s Loan Programs Need Better Monitoring https://www.powermag.com/witnesses-does-loan-programs-need-better-monitoring/ https://www.powermag.com/witnesses-does-loan-programs-need-better-monitoring/#respond Thu, 05 Jun 2014 19:03:56 +0000 https://www.powermag.com/?p=57161 The Department of Energy’s (DOE’s) loan programs have made more than $30 billion in loans and loan guarantees, but it has not fully developed or consistently stuck to loan monitoring policies, an official from the Government Accountability Office testified before a House subcommittee on May 30.  Congress authorized the Loan Guarantee Program (LGP) in 2005 […]

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