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Gold/Mining/Energy : Big Dog's Boom Boom Room
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Sam
To: DinoNavarre who wrote (206120)11/18/2025 6:51:51 PM
From: Elroy Jetson1 Recommendation  Read Replies (1) of 206192
 
The Trump administration’s “Big, Beautiful Bill” allocated $1 billion toward the Constellation Energy plan to reopen the Three Mile Island nuclear facility.

Trump administration issuing $1B loan to bolster Three Mile Island restart

Last year, Microsoft and Constellation Energy announced a deal to reopen an unaffected reactor at the plant to power data centers. It was last operational in 2019.

The Department of Energy announced Tuesday that it was closing a $1 billion loan with Constellation funded by the Big Beautiful Bill to help finance the project, known as the Crane Clean Energy Center.

It said that the funds come through the the Energy Dominance Financing Program, which seeks to “retool, repower, repurpose, or replace energy infrastructure that have ceased operations.”

Energy Secretary Chris Wright said in a written statement
“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.”


If the loan is not repaid, the shortfall will be funded with automatic cuts to the Medicare program.
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