U.S. to Loan $1.9 Billion to Restart a Shuttered Nuclear Plant in Iowa

"No company in the United States has ever restarted a reactor that was seemingly closed for good, but there are now three major efforts underway to do so."

"The Energy Department said on Tuesday that it would lend up to $1.9 billion to help restart a shuttered nuclear power plant in Iowa, in the Trump administration’s latest move aimed at reviving nuclear energy in the United States.

The loan would help NextEra Energy reopen the Duane Arnold nuclear power plant in Linn County, Iowa, which had ceased operating in 2020. NextEra, one of the nation’s largest power companies, announced last year that it planned to refurbish the plant’s reactor and seek regulatory approval to restart operations by the spring of 2029. Google has agreed to buy a portion of the plant’s electricity to help power data centers for artificial intelligence.

The federal loan will reduce NextEra’s financing costs for the project."

Brad Plumer reports for the New York Times September 8, 2026.

Source: New York Times, 09/09/2026