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DOE Offers Constellation $5B Loan for Nuclear Uprates at Eight Plants

Source Summary

The Department of Energy has offered Constellation Energy a conditional loan commitment of up to $5 billion to finance nuclear power uprates and modernization at eight plants located in Illinois, Maryland, and Pennsylvania. The proposed investments could add approximately 1.1 GW of generating capacity to the nation's existing nuclear fleet.

Why it matters

The loan commitment represents a significant federal investment in expanding existing nuclear capacity, supporting the nation's clean energy and grid reliability objectives.

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