The Department of Energy said Tuesday it has approved a $1-billion loan to help Constellation Energy restart the former Three Mile Island Unit 1 nuclear facility, recently renamed the Crane Clean Energy Center.
In a Tuesday press release, Secretary of Energy Chris Wright said the DOE Loan Programs Office closed on a loan “to lower energy costs and restart a Pennsylvania nuclear power plant.”
The $1 billion loan to Constellation Energy Generation will help finance the Crane Clean Energy Center, an 835 MW plant on the Susquehanna River in Londonderry Township, Pennsylvania, DOE said.
The Nuclear Regulatory Commission has held public meetings on the proposed restart of the former Three Mile Island unit 1. The facility is being rebranded as the Crane Clean Energy Center, likely to distinguish it from Three Mile Island Unit 2, which partially melted down in March 1979.