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Department of energy says it's loaning $1 billion to help finance the restart of the nuclear power plant on pennsylvania’s three mile island to supply power to data centers for tech giant microsoft. Constellation energy corp.’s plan to restart its shuttered three mile island nuclear plant is getting $1 billion in backing from the us government as the trump administration pushes to add more atomic power on the electric grid. The trump administration said on tuesday it has loaned constellation energy corp $1 billion to restart its nuclear reactor at a pennsylvania plant formerly known as three mile island.
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The trump administration is issuing a $1 billion loan to help finance the restart of the three mile island nuclear power plant Department of energy said it has loaned $1 billion to the company to restart its nuclear reactor at a pennsylvania plant. Three mile island was the name of a nuclear power plant in pennsylvan…
For constellation energy, which owns three mile island's lone functioning nuclear power reactor, the federal loan will lower its financing cost to get the mothballed plant up and running again.
The department of energy is backing constellation energy's restart of three mile island unit 1 with a $1 billion loan Constellation unveiled plans last year to restart the plant through a power.
