As part of President Biden’s Investing in America agenda, the Biden-Harris Administration, through the U.S. Department of Energy (DOE) and U.S. Department of Agriculture (USDA), today announced more than $2.8 billion to support reliable, affordable, and clean power in the Midwest. DOE, through its Loan Programs Office (LPO), announced the closing of a loan guarantee of up to $1.52 billion under the Inflation Reduction Act’s Energy Infrastructure Reinvestment (EIR) program to Holtec Palisades to help finance the restoration and resumption of service of an 800-MW nuclear generating station in Covert Township, Michigan.

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