Record of Decision: Issuance of a Loan Guarantee to Holtec Palisades, LLC for General Restoration and Maintenance Activities of the Palisades Nuclear Plant

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The U.S. Department of Energy (DOE) announces its decision to issue a loan guarantee under the Energy Policy Act of 2005 (EPAct 2005), as amended, specifically the Energy Infrastructure Reinvestment Program, to Holtec Palisades, LLC., (Holtec) for general restoration and maintenance activities (Project), consistent with the Nuclear Regulatory Commission (NRC) Renewed Facility Operating License Number DPR-20. The general restoration and maintenance activities would support the potential future resumption of power generation activities at the Palisades Nuclear Plant (Palisades or PNP), an 800-MW electric nuclear generation station in Covert Township, Michigan. Holtec has initiated an exemption request, a license transfer request, and license amendment requests with NRC, that, if approved, would allow the resumption of power generation and operation until 2031, and Holtec intends to submit a subsequent license extension request to the NRC to allow power generation from 2031 to 2051.