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The USDA and DOE have announced over $2.8 billion in grants and loan guarantees to support clean and affordable power in the Midwest. This includes a $1.52 billion loan guarantee to Holtec Palisades for the restoration of a nuclear generating station in Michigan. This initiative, part of President Biden’s Investing in America Agenda, aims to create over 2,000 clean energy jobs while providing reliable baseload power to families and businesses across the region.

The USDA also awarded $1.3 billion in grants to two rural electric cooperatives, Wolverine Power Cooperative and Hoosier Energy, to reduce the cost of clean electricity for their members. These investments align with the Administration’s goal of advancing clean energy deployment and supporting rural communities.

Agriculture Secretary Tom Vilsack emphasized the importance of investing in rural electric cooperatives to support clean energy transitions and lower monthly bills for families. U.S. Energy Secretary Jennifer M. Granholm highlighted the role of nuclear power in carbon emissions reduction and job creation.

The restoration of the Palisades Nuclear Plant, supported by these investments, is expected to create 600 high-quality jobs in Michigan and avoid millions of metric tons of greenhouse gas emissions annually. The plant will provide clean, reliable power to rural communities in the region, helping them reduce their carbon footprint.

The USDA’s funding will directly benefit rural communities by lowering energy costs and supporting community projects. Additionally, the project aligns with President Biden’s Justice40 Initiative, ensuring that benefits from federal investments reach marginalized communities.

Overall, these investments underscore the Administration’s commitment to clean energy, job creation, and climate action. The projects will not only provide economic benefits but also contribute to a more sustainable energy future for the Midwest.

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