Three Mile Island Reactor Gets a $1 Billion Government Lifeline

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The US government is providing a $1 billion loan to Constellation Energy to restart the Unit 1 reactor at the Three Mile Island nuclear plant, a significant investment in the nuclear energy sector.

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Market impact analysis based on bullish sentiment with 66% confidence.

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One week ago we said that "hundreds of billions" of dollars are about to be loaned out to nuclear projects by the US government. Well, the first billion is about to be wired. The Wall Street Journal reports Constellation Energy has secured a $1 billion federal loan from the Energy Department's Loan Programs Office (LPO) to restart the Unit 1 reactor at the Three Mile Island reactor plant in Pennsylvania, recently renamed the Crane Clean Energy Center. Constellation has said it would pay about $1.6 billion to restart the plant in 2027. …

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