Basic Facts:
- Location: Covert Township, Michigan
- Owner / Operator: Holtec International
- Construction Cost: $800M (2018$)
- Plant Output: 800 MW
- Property Size: 430 acres
- Employees: 650
- Status: Shut Down Scheduled 2022
- Current DTF Balance: $520M (2018$)
- DTF Balance Prior to Decommissioning: $540M (2018$)
- Decommissioning Cost Estimate: $560M (2018$)
- Spent Nuclear Fuel on Site: 695 metric tons
Background
Palisades is an 800MW pressurized water reactor that was built between 1967 and 1970 and received its operating license in 1971. In 2007, the plant received an operating license renewal extending the operating life of the plant to 2031. In 2016, the plant owners announced plans to close the plant in 2018. This decision was later amended and the plant is now scheduled to be shut down in 2022.
Decommissioning
In August of 2018, Entergy announced plans to sell the subsidiary that owns the Palisades Power Plant, after its shutdown and reactor defueling, to a Holtec International subsidiary for decommissioning. The operating license was transferred from Entergy to Holtec International on June 28, 2022.
Socioeconomics
The Palisades Nuclear Plant is located in Van Buren County, Michigan. As of 2016:
- Population: 75,000
- Per Capita Annual Income: $39,000
- Unemployment rate (not seasonally adjusted): 5.8%
Palisades nuclear is one of the largest taxpayers in Van Buren County, paying $9.9 million in property taxes in 2016, which comprised 7% of the county’s tax base. The plant provides $67 million in annual wages for its 650 full-time employees.
Contact Information
Economic Development Administration Representative:
- Lee Shirey, Chicago Regional Office, t: (215) 597-8719, e: [email protected]
Economic Development District
University Center
Nuclear Regulatory Commission Contact
- Viktoria Mitlyng, Sr. Public Affairs Officer, t: (630) 829-9662, e: [email protected]
- Palisades Nuclear Plant
Unless specific costing information has been provided, decommissioning costs were derived from 2017 Decommissioning Funding Status Report.
Information herein obtained from public sources. Corrections are welcome and may be directed to [email protected].
Additional Information
Holtec to present Palisades plans to Nuclear Regulatory Commission on Monday
Holtec to present Palisades plans to Nuclear Regulatory Commission on MondayCOVERT TWP. – The owners of Palisades Nuclear Power Plant are set to meet with federal officials next week to discuss plans to potentially restart the shuttered plant. More: Palisades owner officially submits second try at funds to reopen shuttered plant Holtec Decommissioning International, which […]
Read MorePalisades closing could hurt area’s economy, evaluation shows
Palisades closing could hurt area’s economy, new evaluation shows As an effort to reopen Van Buren County’s nuclear power plant simmers in Washington D.C., Covert Township is planning if it’ll stay shut down for good.
Read MoreNo federal aid to restart Palisades nuclear power plant
No federal aid to restart Palisades nuclear power plant AP COVERT, Mich. (AP) – The federal government has turned down a request for financial aid to restart a nuclear power plant in southwestern Michigan, the owner said. Holtec International said it was notified Friday by the U.S. Energy Department.
Read MoreHoltec to Decide by January Whether to Reopen Michigan Nuclear Plant
Holtec to Decide by January Whether to Reopen Michigan Nuclear Plan No Title No Description
Read MoreFresh off Palisades closure, Michigan will study state’s nuclear prospects
Fresh off Palisades closure, Michigan will study state’s nuclear prospects | Great Lakes Now By Kelly House, Bridge Michigan The Great Lakes News Collaborative includes Bridge Michigan; Circle of Blue; Great Lakes Now at Detroit Public Television; and Michigan Radio, Michigan’s NPR News Leader; who work together to bring audiences news and information about the […]
Read MoreForum on Palisades Nuclear Plant’s ‘decommissioning’ turns into debate over restarting reactor
Forum on Palisades Nuclear Plant’s ‘decommissioning’ turns into debate over restarting reactor SOUTH HAVEN, MI — A forum scheduled to talk about the long-term dismantling of the Palisades Nuclear Power Plant turned into a debate over a recently touted plan to restart the reactor. Two dozen people commented during the Nuclear Regulatory Commission’s meeting to […]
Read MoreMeeting to discuss Palisades decommission plan set for Thursday in South Haven
Meeting to discuss Palisades decommission plan set for Thursday in South Haven COVERT TWP. – Despite a pending application for a federal grant to reopen the plant, a public meeting on the decommissioning plan for Palisades Nuclear Plant will be held this week.
Read MorePalisades Nuclear Plant has shut down 10 days early, owners announce
Palisades Nuclear Plant has shut down 10 days early, owners announce SOUTH HAVEN – Palisades Nuclear Plant ceased operations Friday, May 20, Entergy Corp. announced Friday afternoon. The 800-megawatt power plant in Covert Township had originally been scheduled to shut down May 31, but a company media release said operators “made the conservative decision to […]
Read MoreNonprofit backs Whitmer’s bid to keep nuclear plant running
Nonprofit backs Whitmer’s bid to keep nuclear plant running – Grand Rapids Business Journal Gov. Gretchen Whitmer asked for federal aid in retaining Palisades Nuclear Plant in Van Buren County, a move backed by Benton-Harbor based workforce development agency Kinexus Group. The Entergy-owned plant generates 15% of Michigan’s clean energy and 6.5% of Michigan’s electricity. […]
Read MoreSurvey Seeks Public Input On Palisades Closure
Survey Seeks Public Input On Palisades Closure The Southwest Michigan Planning Commission has launched a survey to learn about the public’s concerns as the closure of the Palisades nuclear power plant draws near. Director John Egelhaaf tells WSJM News the commission is preparing for the closure from multiple angles.
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