How $17.5 Billion In Federal Loans Are Meant To Drive Nuclear Energy
The U.S. government is now offering companies $17.5 billion in loans to help finance costs for long-lead time items needed to build large commercial nuclear reactors. U.S. Energy Secretary Chris Wright…
Energy Dominance Financing
- $1 billion—to Constellation Energy Generation LLC for the Crane Clean Energy Center restart project (formerly known as Three Mile Island). The loan will partially finance restarting a reactor that stopped operating in 2019 without being fully decommissioned.
- $1.6 billion—to an American Electric Power Co. subsidiary to improve the electrical grid through reconductoring and rebuilding 5,000 miles of transmission lines across Indiana, Michigan, Ohio, Oklahoma and West Virginia.
