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Constellation Energy receives $1B loan for Three Mile Island reopening
Stacy Wescoe//November 20, 2025
PHOTO/FILE
Constellation Energy receives $1B loan for Three Mile Island reopening
Stacy Wescoe//November 20, 2025//
Listen to this articleThe reopening of the former Three Mile Island nuclear power plant in Pennsylvania is getting a boost from the federal government.
U.S. Secretary of Energy Chris Wright today announced the Department of Energy’s Loan Programs Office closed on a $1 billion loan to Constellation Energy Generation LLC, that will help finance what is now being called the Crane Clean Energy Center along the Susquehanna River
“Constellation’s restart of a nuclear power plant in Pennsylvania will provide affordable, reliable, and secure energy to Americans across the Mid-Atlantic region. It will also help ensure America has the energy it needs to grow its domestic manufacturing base and win the AI race,” Wright said in a release.
This announcement marks the first project to receive a concurrent conditional commitment and financial close under the Trump Administration. The loan will partially finance the restart of a reactor which ceased operations in 2019 but was never fully decommissioned.
Once restarted, pending U.S. Nuclear Regulatory Commission licensing approvals, the 835 MW reactor will provide baseload power to the PJM Interconnection region, powering the equivalent of approximately 800,000 homes.
Wright said the DOE remains committed to fulfilling this mission to maximize the speed and scale of nuclear capacity in the United States, ensuring the American people’s access to affordable, reliable, and secure energy.
