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Policy and licensing / Michigan

Michigan 2024 Public Act 121: targeted energy investment

Michigan's 2024 Public Act 121, approved and effective 24 July 2024, appropriates 150,000,000 for a targeted energy investment to restart an unnamed Michigan reactor under 1,000 megawatts that was in service on 1 January 2022 and is not producing electricity. Payment depends on a federal conditional commitment and a grant agreement. The act does not name the plant.

Category
Laws, rules and executive directives
Status
In effect
Instrument
statute · 2024 Mich. Pub. Acts 121, § 811
Issued by
Michigan Legislature
Jurisdiction
Michigan
Affects
Project funding
In effect from
24 Jul 2024 · actual · day
Expiry or completion
2028-09-30 — Section 811(6)(e) of the opened act prints 30 September 2028 as the tentative completion date of the targeted-energy work project. The part 1 line is a one-time appropriation for the fiscal year ending 30 September 2024. A later budget document, the grant agreement, and a Department of Energy conditional commitment were not opened.
Operative text
Michigan 2024 Public Act 121, targeted energy investment (2024 Public Act 121 PDF, opened 4 October 2026)
Last checked · next review
2026-10-04 · 2027-04-15

Legal and geographic scope

Enrolled Senate Bill 747, Act No. 121 of the Public Acts of 2024. The governor approved it on 24 July 2024, it was filed the same day, and the act prints that effective date. Item vetoes are listed on the first page and do not include section 811. For the fiscal year ending 30 September 2024, part 1 lists a one-time targeted energy investment of 150,000,000. Section 811 says those funds must support efforts to restart a Michigan-based nuclear power generation reactor capable of producing less than 1,000 megawatts that was in service as of 1 January 2022 but is not currently producing electricity. Funding is contingent on conditional commitments from the United States Department of Energy. The department of labor and economic opportunity must execute a grant agreement with the described facility. Not more than half may be advanced. Unexpended funds are a work project through 30 September 2028. The act does not name the facility.

Not approved or still pending

The act does not name the facility, the owner, or Palisades. No grant agreement was opened, so no disbursement is recorded. Section 811(2) makes the funding contingent on a Department of Energy conditional commitment, and that commitment was not opened. Section 811(6) designates unexpended funds as a work project with a tentative completion date of 30 September 2028. The 150,000,000 figure is the part 1 line for the fiscal year ending 30 September 2024 and the section's estimated project cost. No project is linked.

Dated lifecycle

Projects or designs named by the source

Sources