Unthinkable Revival of Nuclear Plants Is a Reality in US Shift [BNN Bloomberg (Canada)]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: BNN Bloomberg
“There are a couple of nuclear power plants that we probably should, and can, turn back on,” said Jigar Shah, director of the US Energy Department's Loan Programs Office. Shah's office in March approved a loan to Holtec International Corp. to reopen the Palisades nuclear plant in Michigan. The company bought the facility when it closed in 2022, planning to decommission it. But officials including Governor Gretchen Whitmer almost immediately began calling for it to reopen, and Holtec has now shifted gears, planning for it to start producing power again in late 2025. That may spur other companies to follow suit. “A lot of the other players that have a nuclear power plant that has recently shut down and could be turned back on are gaining that confidence to try,” said Shah in an interview. He declined to name specific plants. It's a sign of how much the conversation around nuclear power's future has changed, as the fight against global warming intensifies. While many environmental
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PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 5/7/24 - Form 4
- 5/1/24 - Form 4
- 4/30/24 - Form 144
- PCG's page on the SEC website