Wolverine Power Cooperative Signs Historic Agreement to Restart Palisades Nuclear Power Plant
Wolverine Power Cooperative (Wolverine) has entered into a long-term agreement with Holtec International (Holtec), a diversified energy technology company, that will pave the way for the restart of the 800-megawatt Palisades Nuclear Power Plant in Covert Township, Michigan. Wolverine has committed to purchase up to two-thirds of the power generated by the Palisades Nuclear Power Plant with rural electric cooperative project partner Hoosier Energy (Hoosiers) purchasing the balance. Eversheds Sutherland (US) LLP advised both Wolverine and Hoosier on the long-term agreement with Holtec.