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At Constellation's nuclear power plant on Three Mile Island, called the Crane Clean Energy Center, near Middletown, Pennsylvania, the cooling towers are reflected in the Susquehanna River at sunrise on June 25, 2025. (AP Photo/Ted Shaffrey, File)
Constellation Energy gets $1B loan for Three Mile Island reopening
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 announced the Department of Energy‘s Loan Programs Office closed on a $1 billion loan to Baltimore-based 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.
RELATED: Constellation awards $500K toward clean energy, student projects
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.
