US Provides $1B Loan to Restart Three Mile Island Nuclear Reactor

The Trump administration has announced a $1 billion loan to Constellation Energy to restart the Three Mile Island nuclear reactor, which has been inactive since 2019. This initiative aims to enhance grid reliability and lower electricity costs, with Microsoft set to purchase all electricity generated for two decades. The refurbishment project is estimated to cost $1.6 billion and is expected to be completed by 2028.