Energy Department Issues $1 Billion Loan to Reboot Three Mile Island Nuclear Plant

Constellation said the upgraded facility, dubbed the Crane Clean Energy Center, will power the equivalent of 800,000 homes by 2027.

The Three Mile Island nuclear power plant owned by Constellation Energy near Middletown, Penn., on Oct. 10, 2024. Chip Somodevilla/Getty Images

The Department of Energy (DOE) said on Nov. 18 that it had issued a $1 billion loan to Constellation Energy Generation LLC to restart a nuclear generating station in Pennsylvania formerly known as Three Mile Island.

The DOE said in a notice that the $1 billion loan would help to “lower energy costs” by restarting the plant located on the Susquehanna River in Londonderry Township.