Trump Administration Backs $1 Billion Loan To Restart Three Mile Island Nuclear Plant

Benzinga

The Trump administration approved a $1B federal loan for Constellation Energy to restart the undamaged Three Mile Island reactor by 2027, supplying Microsoft under a long-term AI-driven power deal. The project adds 800 MW to the grid and supports plans to quadruple U.S. nuclear capacity by 2050.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02The Trump administration will provide Constellation Energy a $1 billion federal loan to restart

00:08the undamaged Three Mile Island reactor in Pennsylvania, according to the Wall Street

00:12Journal. Energy Secretary Chris Wright said the restart will help reduce electricity prices

00:17and reshore U.S. manufacturing. Constellation plans to bring the plant online in 2027 and

00:23sell the power to Microsoft under a 20-year agreement to meet growing AI-related energy

00:28needs. The administration aims to quadruple U.S. nuclear capacity by 2050 through reviving

00:34existing reactors and building new large-scale units. Wright said the restart will add about

00:39800 megawatts to the grid, and Constellation expects to spend roughly $1.6 billion to bring

00:46the plant back online in 2027. Constellation renamed the site the Crane Clean Energy Center

00:51and said Trump's policies allowed it to accelerate the restart while maintaining safety and improving

00:56grid reliability. For all things money, visit Benzinga.com.

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