CNBC's Andrew Ross Sorkin reports on the latest news on the Trump administration backing a Three Mile Island nuclear restart with a $1 billion loan to Constellation.
Breakdown
- The Trump administration will provide Constellation Energy with a $1 billion loan to restart the Crane Clean Energy Center nuclear plant.
- The plant, formerly known as Three Mile Island Unit One in Pennsylvania, stopped operating in 2019. 8s
- Constellation plans to restart and rename the reactor through a power purchase agreement with Microsoft to support data center demand. 14s
- The reactor is expected to begin generating power in 2027. 22s
- The site also includes Three Mile Island Unit Two, which partially melted down in 1979. 25s