SOUTH HAVEN, Mich.- Holtec International and the Wolverine Power Cooperative have reached a deal that could restart the Palisades Nuclear Power Plant just south of South Haven in Covert Township.

A crucial part of the long-term deal between the two companies is Wolverine Power Cooperative's commitment to purchase most of the carbon-free power generated by the Palisades Plant.

The plant was shut down in May of 2022 and it was a huge economic hit to that area.

It's estimated the closure cost the area more than 500 jobs and millions of dollars in tax revenue.

Restarting the plant would restore jobs, generate tax revenue, and also provide cheaper clean energy for the area.

There are still many steps needed before the plant can restart, including approval from the Nuclear Regulatory Commission (NRC).