"Trump Administration Issuing $1B Loan To Bolster Three Mile Island Restart"

"The Trump administration is issuing a $1 billion loan to help finance the restart of the Three Mile Island nuclear power plant.

Three Mile Island was the name of a nuclear power plant in Pennsylvania, one of whose reactors partially melted down in 1979, becoming one of the U.S.’s highest profile nuclear incidents.

Last year, Microsoft and Constellation Energy announced a deal to reopen an unaffected reactor at the plant to power data centers. It was last operational in 2019. 

The Department of Energy announced Tuesday that it was closing a $1 billion loan with Constellation to help finance the project, known as the Crane Clean Energy Center."

Rachel Frazin reports for The Hill November 18, 2025.