Energy Department Announces $4.2 Billion Investment to Boost Nuclear Power and Help Lower Energy Cos

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Energy Department Announces $4.2 Billion Investment to Boost Nuclear Power and Help Lower Energy Costs in Pennsylvania and Ohio

https://www.energy.gov/articles/energy-department-announces-42-billion-investment-boost-nuclear-power-and-help-lower

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US Department of Energy Seal Logo

The U.S. Department of Energy issued a conditional loan commitment of up to $4.2 billion to Vistra for nuclear uprates and modernization projects at plants in Pennsylvania and Ohio. The funding aims to add 433 megawatts of capacity, preserve nearly four gigawatts of baseload power, and support thousands of regional jobs.

Today's announcement will deliver more reliable American energy, strengthen the grid, lower costs, and meet growing power demand across the 13-state PJM Interconnection, L.L.C. region.

WASHINGTON—The U.S. Department of Energy's (DOE) Office of Energy Dominance Financing (EDF) today announced a conditional loan commitment of up to $4.2 billion to finance nuclear uprates and modernization across Vistra's nuclear fleet in Pennsylvania and Ohio. Today's announcement will deliver more reliable American energy, strengthen the grid, lower costs, and meet growing power demand across the 13-state PJM Interconnection, L.L.C. (PJM) region.

Read the full article at Energy.gov:
https://www.energy.gov/articles/energy-department-announces-42-billion-investment-boost-nuclear-power-and-help-lower