News Summary

• The Trump administration announced Tuesday it would provide Constellation Energy with a $1 billion loan to restart a nuclear reactor at Three Mile Island.
• The energy company said last year it would reopen the reactor, which had been shuttered since 2019.
• Microsoft committed to purchasing all the electricity from the 835 megawatt power plant for two decades.
• The debt facility is being made through the Department of Energy’s Loan Programs Office (LPO), which was formed under the Energy Policy Act of 2005.