The US offers Constellation $5b in financing for nuclear reactors $CEG
- The Trump administration is proposing up to $5 billion in financing to Constellation Energy Corp. for the refurbishment and modernization of the nuclear operator's reactor fleet in Illinois, Maryland, and Pennsylvania.
- According to the Energy Department, the projects supported by the conditional loan commitment are expected to contribute almost 1.1 gigawatts of electricity to the system while also strengthening it and reducing costs.
- Energy Secretary Chris Wright is to announce the money later Tuesday at an Illinois nuclear reactor that will provide power to Alphabet's Google.