DOE Gives $1 billion loan to Three Mile Island

Constellation Energy is financing Crane Clean Energy Center, formerly known as Three Mile Island (TMI-1), via the Department of Energy (DOE).

It’s a big commitment from the DOE towards restarting the site as part of a 20-year power purchase agreement to power Microsoft’s data centres.

There is still a wait for state permitting, recommissioning work, and the Nuclear Regulatory Commission’s approval.

DOGE downsizing has threatened staff jobs at the Loan Programme Office (LPO) and despite these challenges, the Trump administration is leveraging the LPO to move along his May executive orders.

Due to other positive plant restarts such as Palisades led by Holtec and Duane Arnold led by NextEra Energy, we are remaining optimistic that Crane will also be able to push forward with work.

Source:https://www.ans.org/news/2025-11-20/article-7570/crane-restart-boosted-by-1b-lpo-loan/

Picture: Constellation

Scroll to top