Trump Administration Loans $1B for Nuclear Plant Restart

The Trump administration is providing a $1 billion loan to Constellation Energy to restart the Crane Clean Energy Center nuclear power plant in Pennsylvania, aiming to boost clean energy and support regional power needs. The plant, previously known as Three Mile Island Unit One, is expected to begin generating electricity in 2027. This move comes after Constellation secured a power purchase agreement with Microsoft and aims to lower electricity costs for consumers. The loan is part of a broader effort to expand nuclear capacity and address increasing demand from AI data centers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.