Energy Department Closes $1 Billion Loan for Nuclear Plant Restart

DOE Loan Programs Office

Published November 18th, 2025

Detected March 14th, 2026

Summary

The Department of Energy has closed a $1 billion loan to Constellation Energy Generation, LLC, to finance the restart of the Crane Clean Energy Center nuclear power plant in Pennsylvania. This initiative supports the administration's goals of lowering energy costs and strengthening the domestic nuclear industrial base.

View original document View source feed page

What changed

The U.S. Department of Energy (DOE) announced the closing of a $1 billion loan through its Loan Programs Office to Constellation Energy Generation, LLC. This funding is designated for the restart of the Crane Clean Energy Center, an 835 MW nuclear power plant in Pennsylvania. The loan is part of the Energy Dominance Financing (EDF) Program and aligns with an executive order aimed at reinvigorating the U.S. nuclear industrial base. This marks the first project to receive both a conditional commitment and financial close under the current administration.

This action will support the restart of a reactor that ceased operations in 2019, pending Nuclear Regulatory Commission licensing. Once operational, the plant is expected to provide reliable baseload power to the PJM Interconnection region, equivalent to powering approximately 800,000 homes. The project aims to lower electricity costs, enhance grid reliability, create over 600 jobs, and support the administration's objectives for domestic manufacturing and AI innovation. Regulated entities in the energy sector should note the DOE's continued commitment to expanding nuclear capacity.

What to do next

Review DOE's Loan Programs Office initiatives for potential impact on energy sector operations.
Monitor Nuclear Regulatory Commission (NRC) licensing approvals for the Crane Clean Energy Center restart.
Assess implications of increased baseload power availability on regional energy markets.

Source document (simplified)

Energy Department Closes Loan to Restart Nuclear Power Plant in Pennsylvania

U.S. Secretary of Energy Chris Wright today announced the Department of Energy’s Loan Programs Office closed a loan to lower energy costs and restart a Pennsylvania nuclear power plant.

Energy.gov

November 18, 2025

WASHINGTON— U.S. Secretary of Energy Chris Wright today announced the Department of Energy’s (DOE) Loan Programs Office (LPO) closed a loan to lower energy costs and restart a Pennsylvania nuclear power plant.

The $1 billion loan to Constellation Energy Generation, LLC (Constellation) will help finance the Crane Clean Energy Center, an 835 MW plant located on the Susquehanna River in Londonderry Township, Pennsylvania.

Today’s announcement, funded by the Energy Dominance Financing (EDF) Program created under the Working Families Tax Cut, highlights the Energy Department’s role in advancing President Trump’s Executive Order, Reinvigorating the Nuclear Industrial Base, by supporting the restart of nuclear power plants.

“Thanks to President Trump’s bold leadership and the Working Families Tax Cut, the United States is taking unprecedented steps to lower energy costs and bring about the next American nuclear renaissance,” said Energy Secretary Wright. “Constellation’s restart of a nuclear power plant in Pennsylvania will provide affordable, reliable, and secure energy to Americans across the Mid-Atlantic region. It will also help ensure America has the energy it needs to grow its domestic manufacturing base and win the AI race.”

This announcement marks the first project to receive a concurrent conditional commitment and financial close under the Trump Administration. The loan will partially finance the restart of a reactor which ceased operations in 2019 but was never fully decommissioned. Once restarted, pending U.S. Nuclear Regulatory Commission licensing approvals, the 835 MW reactor will provide reliable and affordable baseload power to the PJM Interconnection region, powering the equivalent of approximately 800,000 homes. The Crane Restart project will help lower electricity costs, strengthen grid reliability, create over 600 American jobs, and advance the Administration’s mission to lead in global AI innovation and restore domestic manufacturing industries.

DOE remains committed to fulfilling this mission to maximize the speed and scale of nuclear capacity in the United States, ensuring the American people’s access to affordable, reliable, and secure energy.

View Next Press Release Energy Secretary Strengthens Midwest Grid Reliability Heading into Winter Months

November 19, 2025

View Previous Press Release Energy Department Announces Partnership with Fermilab and Qblox to Manufacture Foundational Quantum Control Platform for U.S. Research and Innovation

November 18, 2025

Tags:
- Nuclear
- Loans