Palisades To Stay Open Until 2022

The Palisades nuclear power plant will not shut down in 2018. Parent company Entergy and Consumers Energy say they have decided to keep operating under their current power purchase agreement until 2022. Palisades officials say the decision comes after the Michigan Public Service Commission last week granted Consumers recovery of only $136.2 million of the $172 million it requested to buy out the purchase agreement. The announcement reverses the decision from December to close Palisades on October 1, 2018. Entergy says, however, it is committed to getting out of the nuclear power business and expects to close the plant in five years time.