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Trump admin backs Three Mile Island nuclear restart

CNBC · Just In
CNBC
CNBC
Just In

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
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