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Trump Administration Reviving Three Mile Island With $1 Billion Loan

Trump Administration Reviving Three Mile Island With $1 Billion Loan

Summary

The U.S. Department of Energy will lend $1 billion to restart a nuclear reactor at Three Mile Island in Pennsylvania. The plant, which has been inactive since 2019, will supply power to Microsoft data centers once operational again in 2027.

Key Facts

  • The U.S. Department of Energy plans to loan $1 billion for the Three Mile Island nuclear reactor restart.
  • The reactor, owned by Constellation Energy, has been offline since 2019.
  • Microsoft has a 20-year agreement to purchase power from the restarted reactor.
  • The reactor can produce 835 megawatts, enough to power about 800,000 homes.
  • The restart is part of a broader effort to support nuclear energy and AI development.
  • This initiative is funded through a $250 billion federal energy infrastructure program.
  • The Three Mile Island site experienced a major nuclear incident in 1979.

Source Information