COVERT TOWNSHIP, Mich. — A company seeking to restart a southwestern Michigan nuclear power plant said Tuesday it has taken a major step forward with the signing of a power purchase agreement.
Under the “multi-decade" agreement, Wolverine agrees to purchase up to two-thirds of the power generated by Palisades for its Michigan-based member rural electric cooperatives. A partner, Bloomington, Indiana-based cooperative Hoosier Energy, will purchase the rest. A Holtec spokesperson said he could not elaborate on "multi-decade." Financial terms were not disclosed.shuttered nuclear power plant to do so.
“We are thrilled to enter into this partnership,” Kelly Trice, President of Holtec Nuclear Generation and Decommissioning, said in a statement. “The executed power purchase agreement represents a significant milestone in our journey towards reopening the plant.”
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