Constellation Gets $1 Billion Loan to Open Three Mile Island (1)

Constellation Energy Corp.’s plan to restart its shuttered Three Mile Island nuclear plant is getting $1 billion in backing from the US government as the Trump administration pushes to add more atomic power on the electric grid.

The Energy Department said on Tuesday that it was finalizing a $1 billion loan to help revive the Pennsylvania reactor, which Constellation has said it expects to reopen as early as mid-2027 at a cost of $1.6 billion.

For Constellation, the department’s Loan Programs Office is making the rare decision to expedite the funding, which is typically first offered on a conditional ...