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Title: US Backs Three Mile Island Nuclear Restart With $1 Billion Loan To
Constellation

Link: https://hardware.slashdot.org/story/25/11/19/...

An anonymous reader quotes a report from CNBC: The Trump administration will
provide Constellation Energy with a $1 billion loan to restart the Crane
Clean Energy Center nuclear plant in Pennsylvania, Department of Energy
officials said Tuesday. Previously known as Three Mile Island Unit 1, the
plant is expected to start generating power again in 2027. Constellation
unveiled plans to rename and restart the reactor in Sept. 2024 through a
power purchase agreement with Microsoft to support the tech company's data
center demand in the region. Three Mile Island Unit 1 ceased operations in
2019, one of a dozen reactors that closed in recent years as nuclear
struggled to compete against cheap natural gas. It sits on the same site as
Three Mile Island Unit 2, the reactor that partially melted down in 1979 in
the worst nuclear accident in U.S. history. The loan would cover the majority
to the project's estimated cost of $1.6 billion. The first advance to
Constellation is expected in the first quarter of 2026, said Greg Beard,
senior advisor to the Energy Department's Loan Programs Office, in a call
with reporters. The loan comes with a guarantee from Constellation that it
will protect taxpayer money, Beard said.

Read more of this story at Slashdot.

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